The Wendy's Company (WEN)

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 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$16.00

Low target

$14.00

High target

$19.00

Latest filings (excl ownership)

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21 Feb 25

Provides 2025 Outlook, and Updates Its Capital Allocation Policy

13 Feb 25

S-3ASR

Automatic shelf registration

20 Dec 24

8-K

The Wendy’s Company Names Ken Cook Chief Financial Officer

31 Oct 24

The Wendy’s Company Reports Third Quarter 2024 Results

31 Oct 24

8-K

The Wendy’s Company Announces Executive Leadership Appointments

16 Sep 24

8-K

The Wendy’s Company Appoints Arthur Winkleblack Chairman of the Board

1 Aug 24

The Wendy’s Company Reports Second Quarter 2024 Results

1 Aug 24

Transcripts

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WEN

Earnings call transcript

2024 Q4

13 Feb 25

WEN

Earnings call transcript

2024 Q3

31 Oct 24

WEN

Earnings call transcript

2024 Q2

1 Aug 24

WEN

Earnings call transcript

2024 Q1

2 May 24

WEN

Earnings call transcript

2023 Q4

15 Feb 24

WEN

Earnings call transcript

2023 Q3

2 Nov 23

WEN

Earnings call transcript

2023 Q2

9 Aug 23

WEN

Earnings call transcript

2023 Q2

9 Aug 23

WEN

Earnings call transcript

2023 Q1

10 May 23

WEN

Earnings call transcript

2022 Q4

1 Mar 23

Latest ownership filings

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Matthew Coley O'Brien

Financial summary

Financial statements Chart WEN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Jan 23	Jan 22
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)	503.61 mm	503.61 mm	503.61 mm	503.61 mm	503.61 mm	503.61 mm
Cash burn (monthly)	16.97 mm	7.10 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	35.40 mm	14.81 mm	n/a	n/a	n/a	n/a
Cash remaining	468.21 mm	488.80 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	27.6	68.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

WEN institutional ownership history Ownership history

92.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	410	387	+5.9%
Opened positions	83	68	+22.1%
Closed positions	60	70	-14.3%
Increased positions	131	129	+1.6%
Reduced positions	134	117	+14.5%

13F shares	Current	Prev Q	Change
Total value	2.99 tn	3.09 tn	-3.3%
Total shares	185.93 mm	178.08 mm	+4.4%
Total puts	1.48 mm	1.17 mm	+26.4%
Total calls	1.43 mm	1.37 mm	+4.4%
Total put/call ratio	1.0	0.9	+21.0%

Largest owners	Shares	Value	Change
Trian Fund Management	30.53 mm	$497.56 bn	+0.0%
Vanguard	21.10 mm	$343.90 bn	-4.2%
BlackRock	19.81 mm	$322.84 bn	+0.4%
Aqr Capital Management	10.42 mm	$169.86 bn	-6.3%
Harris Associates L P	9.25 mm	$150.76 bn	+1.8%
Charles Schwab Investment Management	6.30 mm	$102.74 bn	+7.8%
STT State Street	5.46 mm	$88.98 bn	+5.2%
Squarepoint Ops	4.98 mm	$81.12 bn	+50.3%
JPM JPMorgan Chase & Co.	4.58 mm	$74.63 bn	-2.5%
Dimensional Fund Advisors	4.03 mm	$65.75 bn	+1.1%

Largest transactions	Shares	Bought/sold	Change
Allspring Global Investments	898.32 k	-4.03 mm	-81.8%
Point72 Asset Management	2.96 mm	-3.48 mm	-54.1%
1832 Asset Management	3.46 mm	+3.46 mm	NEW
Squarepoint Ops	4.98 mm	+1.67 mm	+50.3%
Qube Research & Technologies	1.91 mm	+1.64 mm	+597.5%
Cubist Systematic Strategies	1.57 mm	+1.52 mm	+3249.7%
UBS UBS	1.82 mm	+1.48 mm	+435.2%
IVZ Invesco	1.88 mm	+1.41 mm	+296.1%
Two Sigma Investments	923.12 k	-1.22 mm	-57.0%
Kodai Capital Management	0.00	-1.18 mm	EXIT

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.

Recent insider trades

WEN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Feb 25	Kirk Tanner	Common Stock	Payment of exercise	Dispose F	No	No	15.21	44,567	677.86 k	73,275
22 Feb 25	Kirk Tanner	Common Stock	Option exercise	Acquire M	No	No	0	117,842	0.00	117,842
22 Feb 25	Kirk Tanner	RSU Common Stock	Option exercise	Dispose M	No	No	0	117,842	0.00	291,143
21 Feb 25	Matthew P Spessard	Common Stock	Payment of exercise	Dispose F	No	No	15.21	424	6.45 k	6,608
21 Feb 25	Matthew P Spessard	Common Stock	Grant	Acquire A	No	No	0	1,231	0.00	7,032
21 Feb 25	O'Brien Matthew Coley	Common Stock	Payment of exercise	Dispose F	No	No	15.21	1,227	18.66 k	83,812
21 Feb 25	O'Brien Matthew Coley	Common Stock	Grant	Acquire A	No	No	0	3,489	0.00	85,039
21 Feb 25	Esposito Liliana	Common Stock	Payment of exercise	Dispose F	No	No	15.21	1,206	18.34 k	85,775
21 Feb 25	Esposito Liliana	Common Stock	Grant	Acquire A	No	No	0	3,489	0.00	86,981
21 Feb 25	E.J. Wunsch	Common Stock	Payment of exercise	Dispose F	No	No	15.21	2,090	31.79 k	66,265