Wendy's

WEN

Market cap $1.82B

Overview Fund Activity

9.53 USD

+0.06

0.63%

At close Updated Sep 18, 3:59 PM EDT

Pre-market

After hours

9.48

-0.05

0.52%

1 day

0.63%

5 days

-3.74%

1 month

-10.77%

3 months

-15.89%

6 months

-38.4%

Year to date

-40.88%

1 year

-45.94%

5 years

-54.53%

10 years

4.73%

About: The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.6 billion in 2024, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald's ($51.1 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 more than 7,200 total stores in 30 countries as of year-end 2024. 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 roughly 94% of stores, and through franchise flipping and advisory fees.

Employees: 14,500

Consumer Discretionary Restaurants

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

41% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 116

9.16% more ownership

Funds ownership: 93.22% [Q1] → 102.38% (+9.16%) [Q2]

5% less funds holding

Funds holding: 419 [Q1] → 397 (-22) [Q2]

18% less capital invested

Capital invested by funds: $2.73B [Q1] → $2.25B (-$487M) [Q2]

22% less first-time investments, than exits

New positions opened: 63 | Existing positions closed: 81

70% less call options, than puts

Call options by funds: $24.5M | Put options by funds: $81.2M

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$11

15% upside

Avg. target

$12.15

27% upside

High target

$16

68% upside

10 analyst ratings

4 positive

40%

5 neutral

50%

1 negative

10%

JP Morgan John Ivankoe	$14	Overweight Maintained	28 Aug 2025
BMO Capital Andrew Strelzik	$12	Market Perform Maintained	11 Aug 2025
Truist Securities Jake Bartlett	$13	Buy Maintained	11 Aug 2025
Stephens & Co. Jim Salera	$11	Equal-Weight Maintained	11 Aug 2025
TD Cowen Andrew M. Charles	$11	Hold Maintained	8 Aug 2025
UBS Dennis Geiger	$11	Neutral Maintained	30 Jul 2025
Citigroup Jon Tower	$11.5	Neutral Maintained	28 Jul 2025
B of A Securities Gregory Francfort	$11	Buy Maintained	18 Jul 2025
Loop Capital Alton Stump	$16	Buy Maintained	16 Jul 2025
Morgan Stanley John Glass	$11	Underweight Maintained	14 Jul 2025

See Analyst Rankings

Financial journalist opinion

The Wendy's Company: Still Bearish As Demand Backdrop Remains Poor

Wendy's U.S. business continues to deteriorate, with declining traffic and an ineffective breakfast strategy, leading to a sharp FY 2025 guidance downgrade. International and digital segments show promise, but domestic weakness overshadows these bright spots and limits near-term recovery potential. Technology investments are helping company-operated stores, but franchisee adoption remains uncertain, and overall US sales remain negative.

The Wendy's Company: Still Bearish As Demand Backdrop Remains Poor

How restaurant chains are competing on in-store vibes to win back customers

Analysts say more welcoming atmospheres at chains like Starbucks and Cava can't hurt. But how much will they help?

How restaurant chains are competing on in-store vibes to win back customers

Fast Food Is Hungry for Sales.The Latest Play: Beverages

The big fast-food chains are rolling out often-elaborate drink offerings, hoping to increase margins and capture more sales through the day. No strategy is foolproof, however.

Fast Food Is Hungry for Sales.The Latest Play: Beverages

Michael Chorey, Founder of Wendy's FreshAi, to Join Presto as Co-Founder and President of Presto IQ

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto, the company that pioneered drive-thru Voice AI, today announced that Michael Chorey, the founder of Wendy's FreshAi, has joined the company to build Presto IQ, the first AI-native dynamic data offering for the quick-service restaurant (QSR) industry. In this role, Chorey will work with Presto to grow its drive-thru Voice AI platform and lead the development of the new Presto IQ business unit. Chorey is widely recognized for pioneering AI experiences.

Michael Chorey, Founder of Wendy's FreshAi, to Join Presto as Co-Founder and President of Presto IQ

Wendy's: High Dividend Play Buying Back Shares Selling At A Reasonable Discount

Wendy's franchise-focused, low-capex model drives strong free cash flow, enabling robust dividends and share buybacks, supporting long-term shareholder value. My discounted cash flow analysis suggests a 46% upside, with intrinsic value at $15.22/share versus the current $10.47/share, and a sustainable 5-6% dividend yield. International expansion, strategic closures of underperforming outlets, and ongoing share repurchases position Wendy's for improved growth and profitability.

Wendy's: High Dividend Play Buying Back Shares Selling At A Reasonable Discount

These Analysts Cut Their Forecasts On Wendy's After Q2 Results

Wendy's Company WEN posted upbeat earnings for the second quarter on Friday.

These Analysts Cut Their Forecasts On Wendy's After Q2 Results

Zacks Investment Research

Wendy's (WEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Wendy's (WEN) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wendy's (WEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Wendy's and McDonald's Report Breakfast Business Slows Amid Consumer Cutbacks

Fast food chains are reportedly seeing a decline in their breakfast business as Americans cut back on spending. Executives from Wendy's and McDonald's said this week during earnings calls that their breakfast business is doing worse than other times of day, despite discounts offered by the companies, Bloomberg reported Friday (Aug. 8).

Wendy's and McDonald's Report Breakfast Business Slows Amid Consumer Cutbacks

The Wendy's Company (WEN) Q2 2025 Earnings Call Transcript

The Wendy's Company (NASDAQ:WEN ) Q2 2025 Earnings Conference Call August 7, 2025 8:30 AM ET Company Participants Aaron Broholm - Head of Investor Relations Kenneth Cook - CFO & Interim CEO Suzanne M. Thuerk - Chief Accounting Officer Conference Call Participants Brian Hugh Mullan - Piper Sandler & Co., Research Division Danilo Gargiulo - Sanford C.

The Wendy's Company (WEN) Q2 2025 Earnings Call Transcript

Wendy's shares in green despite lower profit outlook as Q2 earnings beat forecast

Wendy's Co. (NASDAQ: WEN) stock was trading in the green on Friday, after the fast-food chain reported second-quarter earnings that topped analyst expectations despite ongoing weakness in its US business. Wendy's shares gained 3.91% in the session, although the stock gave up most gains and was trading up 1.81% at the time of writing.

Wendy's shares in green despite lower profit outlook as Q2 earnings beat forecast

See News Rankings

Charts implemented using Lightweight Charts™