Wendy`s (WEN)

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, "Quality is Our Recipe®," which remains the guidepost of the Wendy's system. Wendy's is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving high quality food. The Wendy's Company is committed to doing the right thing and making a positive difference in the lives of others. Today, Wendy's and its franchisees operate more than 6,800 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand.

Company profile

Ticker

WEN

Exchange

NASDAQ

Website

www.irwendys.com

CEO

Todd Penegor

Incorporated

Delaware

Location

Ohio

Fiscal year end

Jan 01

Sector

Accommodation and Food Services > Full-Service Restaurants

Industry (SIC)

Retail - Eating & Drinking Places

Starbucks • Drive Shack • Dunkin Brands • Cannae • Luckin Coffee • Dutch Bros • iPic Entertainment • Shake Shack • Amergent Hospitality • Muscle Maker ...

Former names

TRIARC COMPANIES INC, WENDY'S/ARBY'S GROUP, INC.

SEC CIK

0000030697

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

THE WENDY’S COMPANY • 256 Gift Card Inc. • Adams Packing Association, Inc. • Citrus Acquisition Corporation • Oldemark LLC • Quality Is Our Recipe, LLC • SEPSCO, LLC • The Wendy’s National Advertising Program, Inc. • TIMWEN Partnership • TXL Corp. ...

IRS number

380471180

WEN stock data

1M 1Y 5Y

News

From Benzinga Pro

Wendy's Announces Innovative New Global Restaurant Design Standard: 'Global Next Gen'

17 Aug 22

Optimizations enhance the digital-forward customer experience, designed to deliver greater convenience, speed and accuracy today and into the future

Morgan Stanley Maintains Equal-Weight on Wendy's, Raises Price Target to $24

11 Aug 22

Morgan Stanley analyst John Glass maintains Wendy's (NASDAQ:WEN) with a Equal-Weight and raises the price target from $22 to $24.

BMO Capital Maintains Market Perform on Wendy's, Raises Price Target to $20

11 Aug 22

BMO Capital analyst Andrew Strelzik maintains Wendy's (NASDAQ:WEN) with a Market Perform and raises the price target from $18 to $20.

Barclays Maintains Overweight on Wendy's, Raises Price Target to $24

11 Aug 22

RBC Capital Maintains Sector Perform on Wendy's, Lowers Price Target to $21

11 Aug 22

Press releases

From Benzinga Pro

Wendy's Announces Innovative New Global Restaurant Design Standard: "Global Next Gen"

17 Aug 22

Optimizations enhance the digital-forward customer experience, designed to deliver greater convenience, speed and accuracy today and into the future DUBLIN, Ohio, Aug. 17, 2022 /PRNewswire/ -- The Wendy's Company

THE WENDY'S COMPANY REPORTS SECOND QUARTER 2022 RESULTS

10 Aug 22

DUBLIN, Ohio, Aug. 10, 2022 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the second quarter ended July 3, 2022.

To Dip, Dunk or Drizzle: Wendy's Sweetens up the Morning with NEW Homestyle French Toast Sticks

9 Aug 22

Wendy's Breakfast Menu Expands with a Taste of Nostalgia, Bringing Sweet Addition to the Savory Lineup DUBLIN, Ohio, Aug. 9, 2022 /PRNewswire/ -- Wendy's® is eyeing straight A's for its breakfast lineup

The Wendy's Company to Report Second Quarter 2022 Results on August 10

3 Aug 22

The Fry-Cast Is In: Wendy's Hot & Crispy Summer Is Hot, Hot, Hot

18 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$22.60

Low target

$20.00

High target

$24.00

Calendar

9 Aug 22

18 Aug 22

1 Jan 23

Financial summary

Financial statements Chart WEN financial data

Quarter (USD)	Jul 22	Apr 22	Jan 22	Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	796.65M	796.65M	796.65M	796.65M	796.65M	796.65M
Cash burn (monthly)	10.45M	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	16.05M	n/a	n/a	n/a	n/a	n/a
Cash remaining	780.59M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	74.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Wendy`s earnings reports.

Recent insider trades

WEN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 Aug 22	Vasconi John Kevin	Employee Stock Option Common Stock	Grant	Acquire A	No	No	21.4	50,564	1.08M	50,564
12 Aug 22	Pringle Abigail E.	Employee Stock Option Common Stock	Grant	Acquire A	No	No	21.4	97,969	2.1M	97,969
12 Aug 22	Plosch Gunther	Employee Stock Option Common Stock	Grant	Acquire A	No	No	21.4	113,771	2.43M	113,771
12 Aug 22	O'Brien Matthew Coley	Employee Stock Option Common Stock	Grant	Acquire A	No	No	21.4	36,343	777.74K	36,343
12 Aug 22	Penegor Todd Allan	Employee Stock Option Common Stock	Grant	Acquire A	No	No	21.4	331,832	7.1M	331,832

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

WEN institutional ownership history Ownership history

70.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	331	352	-6.0%
Opened positions	44	52	-15.4%
Closed positions	65	59	+10.2%
Increased positions	107	108	-0.9%
Reduced positions	102	108	-5.6%

13F shares	Current	Prev Q	Change
Total value	2.91B	3.29B	-11.5%
Total shares	149.45M	149.83M	-0.3%
Total puts	1.24M	1.79M	-30.7%
Total calls	3.24M	807.2K	+301.6%
Total put/call ratio	0.4	2.2	-82.7%

Largest owners	Shares	Value	Change
Trian Fund Management	25.33M	$478.29M	0.0%
Vanguard	17.44M	$329.34M	-2.8%
BLK Blackrock	15.29M	$288.6M	-1.2%
Massachusetts Financial Services	11.5M	$217.04M	+2.0%
Harris Associates L P	6.55M	$123.75M	+11.7%
JPM JPMorgan Chase & Co.	6.54M	$123.42M	-2.2%
STT State Street	4.79M	$90.5M	-3.3%
Dimensional Fund Advisors	3.87M	$73.02M	+0.1%
JHG Janus Henderson	3.73M	$70.38M	+4.3%
Citadel Advisors	3.61M	$68.09M	+4135.5%

Largest transactions	Shares	Bought/sold	Change
Citadel Advisors	3.61M	+3.52M	+4135.5%
Millennium Management	2.4M	+1.91M	+391.3%
AMP Ameriprise Financial	380.14K	-1.67M	-81.5%
Two Sigma Investments	0	-1.51M	EXIT
Point72 Asset Management	1.08M	-1.41M	-56.6%
GS Goldman Sachs	2.46M	+1.34M	+120.2%
Allspring Global Investments	2.68M	+1.25M	+86.6%
Arrowstreet Capital, Limited Partnership	0	-1.18M	EXIT
Two Sigma Advisers	1.01M	-1.08M	-51.5%
NMR Nomura	739.1K	+739.1K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

The tables included throughout this Results of Operations set forth in millions the Company’s condensed consolidated results of operations for the second quarter and the first six months of 2022 and 2021.
The table below presents certain of the Company’s key business measures, which are defined and further discussed in the “Executive Overview” section included herein.
(a)Excludes Argentina and Venezuela due to the impact of the highly inflationary economies of those countries.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: conform, enhance, exploration, explore, intend, reclassification, reclassified, reevaluated, statement, stockholder, Trian

Removed: grow

From filing 10-Q 2022 Q2

Financial reports

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