Wendy'sWEN Market cap $3.62B
About: The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.3 billion in 2023, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald's ($53.1 billion). After divestitures of Tim Hortons (2006) and Arby's (2011), the firm manages just the burger banner, generating sales across a footprint that spanned almost 7,157 total stores in 30 countries as of year-end 2023. Wendy's generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for 94% of stores, and through franchise flipping and advisory fees.
Employees: 15,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 46
8% more funds holding
Funds holding: 358 [Q1] → 387 (+29) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 119
0.18% more ownership
Funds ownership: 85.53% [Q1] → 85.7% (+0.18%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
10% less capital invested
Capital invested by funds: $3.31B [Q1] → $2.98B (-$330M) [Q2]
20% less call options, than puts
Call options by funds: $24.7M | Put options by funds: $31M
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
JP Morgan John Ivankoe 67% 1-year accuracy 22 / 33 met price target | 25%upside $22 | Neutral Maintained | 16 Sept 2024 |
TD Cowen Andrew Charles 66% 1-year accuracy 77 / 117 met price target | 4%downside $17 | Hold Reiterated | 9 Sept 2024 |
Stephens & Co. Jim Salera 73% 1-year accuracy 22 / 30 met price target | 8%upside $19 | Equal-Weight Reiterated | 9 Sept 2024 |
Tigress Financial Ivan Feinseth 74% 1-year accuracy 54 / 73 met price target | 64%upside $29 | Buy Maintained | 4 Sept 2024 |
Wedbush Nick Setyan 71% 1-year accuracy 65 / 92 met price target | 2%upside $18 | Neutral Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 9 articles about WEN published over the past 30 days