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
Website
CEO
Todd Penegor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
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
Corporate docs
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
News
Wendy's Announces Innovative New Global Restaurant Design Standard: 'Global Next Gen'
17 Aug 22
Morgan Stanley Maintains Equal-Weight on Wendy's, Raises Price Target to $24
11 Aug 22
BMO Capital Maintains Market Perform on Wendy's, Raises Price Target to $20
11 Aug 22
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
Wendy's Announces Innovative New Global Restaurant Design Standard: "Global Next Gen"
17 Aug 22
THE WENDY'S COMPANY REPORTS SECOND QUARTER 2022 RESULTS
10 Aug 22
To Dip, Dunk or Drizzle: Wendy's Sweetens up the Morning with NEW Homestyle French Toast Sticks
9 Aug 22
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
Current price
Average target
$22.60
Low target
$20.00
High target
$24.00
Morgan Stanley
Maintains
$24.00
BMO Capital
Maintains
$20.00
Barclays
Maintains
$24.00
RBC Capital
Maintains
$21.00
Deutsche Bank
Maintains
$24.00
Calendar
9 Aug 22
18 Aug 22
1 Jan 23
Financial summary
Quarter (USD) | Jul 22 | Apr 22 | Jan 22 | Oct 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q2 2022
70.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 331 |
Opened positions | 44 |
Closed positions | 65 |
Increased positions | 107 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 2.91B |
Total shares | 149.45M |
Total puts | 1.24M |
Total calls | 3.24M |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Trian Fund Management | 25.33M | $478.29M |
Vanguard | 17.44M | $329.34M |
BLK Blackrock | 15.29M | $288.6M |
Massachusetts Financial Services | 11.5M | $217.04M |
Harris Associates L P | 6.55M | $123.75M |
JPM JPMorgan Chase & Co. | 6.54M | $123.42M |
STT State Street | 4.79M | $90.5M |
Dimensional Fund Advisors | 3.87M | $73.02M |
JHG Janus Henderson | 3.73M | $70.38M |
Citadel Advisors | 3.61M | $68.09M |
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
Financial reports
Current reports
8-K
The Wendy’s Company Reports Second Quarter 2022 Results
9 Aug 22
8-K
The Wendy’s Company Reaffirms 2022 Outlook
26 May 22
8-K
Regulation FD Disclosure
24 May 22
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
The Wendy’s Company Reports First Quarter 2022 Results
11 May 22
8-K
Entry into a Material Definitive Agreement
4 Apr 22
8-K
Entry into a Material Definitive Agreement
23 Mar 22
8-K
Other Events
21 Mar 22
8-K
The Wendy’s Company Reports Fourth Quarter and Full Year 2021 Results
1 Mar 22
8-K
Other Events
24 Feb 22
Registration and prospectus
S-3ASR
Automatic shelf registration
22 Dec 21
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jan 20
S-3ASR
Automatic shelf registration
21 Dec 18
SC TO-I/A
Issuer tender offer statement (amended)
7 Jul 15
Proxies
PX14A6G
Letter to shareholders
16 May 22
DEFA14A
Additional proxy soliciting materials
12 May 22
PX14A6G
Letter to shareholders
11 Apr 22
PX14A6G
Letter to shareholders
6 Apr 22
DEFA14A
Additional proxy soliciting materials
31 Mar 22
PX14A6G
Letter to shareholders
20 Apr 21
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
Other
UPLOAD
Letter from SEC
7 Feb 19
CORRESP
Correspondence with SEC
17 Dec 18
UPLOAD
Letter from SEC
10 Dec 18
NO ACT
No action letter
1 Mar 17
NO ACT
No action letter
1 Mar 16
UPLOAD
Letter from SEC
22 Jan 14
CORRESP
Correspondence with SEC
20 Jan 14
UPLOAD
Letter from SEC
15 Jan 14
CORRESP
Correspondence with SEC
2 Jan 14
UPLOAD
Letter from SEC
17 Dec 13
Ownership
4
Wendy's / E.J. Wunsch ownership change
16 Aug 22
4
Wendy's / Leigh A. Burnside ownership change
16 Aug 22
4
Wendy's / Liliana Esposito ownership change
16 Aug 22
4
Wendy's / Kurt A Kane ownership change
16 Aug 22
4
Wendy's / Matthew Coley O'Brien ownership change
16 Aug 22
4
Wendy's / Todd Allan Penegor ownership change
16 Aug 22
4
Wendy's / Gunther Plosch ownership change
16 Aug 22
4
Wendy's / Abigail E. Pringle ownership change
16 Aug 22
4
Wendy's / JOHN KEVIN VASCONI ownership change
16 Aug 22
4
Wendy's / Mich J Mathews-Spradlin ownership change
14 Jul 22
Transcripts
2022 Q2
Earnings call transcript
10 Aug 22
2022 Q1
Earnings call transcript
11 May 22
2021 Q4
Earnings call transcript
1 Mar 22
2021 Q3
Earnings call transcript
10 Nov 21
2021 Q2
Earnings call transcript
11 Aug 21
2021 Q1
Earnings call transcript
12 May 21
2020 Q4
Earnings call transcript
3 Mar 21
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20
Reddit threads
Wendy’s stock?
18 Aug 22
Announcements x Daily Discussion for Thursday, August 18, 2022
18 Aug 22
roast my stock picks, jokes and criticism welcome
16 Aug 22
Daily Discussion Thread for August 16, 2022
16 Aug 22
Me right now on BBBY
16 Aug 22
The apes are selling AMC for BBBY 🚀🚀
15 Aug 22
What Are Your Moves Tomorrow - August 15, 2022
14 Aug 22
We ride at dawn douchebags 🤌🏻🤑
10 Aug 22
(8/10) Wednesday's Pre-Market Stock Movers & News
10 Aug 22
(8/10) Wednesday's Pre-Market Stock Movers & News
10 Aug 22