Headquartered in Dublin, OH·Fiscal year ends December·NASDAQ: WEN·wendys.com
About Wendy's Company
The Wendy's Company operates and franchises a system of quick-service restaurants under the Wendy's brand, serving made-to-order food including square hamburgers using fresh beef, chicken sandwiches, nuggets, Frosty desserts, and other menu items. The company operates through a predominantly franchised model with more than 7,000 restaurants worldwide, generating revenue from company-operated restaurant sales, franchise royalties, franchise fees, franchise rental income, and advertising funds. Its revenue streams are split between company-operated locations and franchise economics including royalties computed as a percentage of franchisee sales. The company is undergoing a leadership transition and turnaround effort under new CEO Bob Wright, who has identified five strategic priorities to address declining traffic, weakening value positioning, and franchisee economics challenges in a competitive QSR environment. Updated
A $1.4 billion take-private offer sets a floor under Wendy's shares, but six straight quarters of falling same-store sales is the number that decides whether anyone else bids.
Nelson Peltz reportedly offered $1.4 billion to buy $WEN.
@BrianSozzi isn’t impressed.
“Peltz would be buying a dumpster fire he helped create,” Sozzi says, pointing to six straight quarters of falling same-store sales. 📉 https://t.co/BqaBhDlca5
Peltz's group has put a cash number on Wendy's at $7.35 a share, about $1.43 billion in equity value, and that becomes the reference price holders trade against. The offer is nonbinding, so the board's response is the next catalyst.
WENDY’S GETS TAKE-PRIVATE OFFER AT $7.35 A SHARE
Trian, Flynn Group, BlueFive Capital and Sixth Street have submitted a nonbinding offer to take Wendy’s $WEN private for $7.35 per share in cash.
The proposed price implies about $1.43B in equity value, based on 194 million fully https://t.co/j7hkfETays
Campbell's and Dow both flashed the same red flags before slashing their payouts, and six consumer stocks sitting in income portfolios right now are showing those exact same warning signs.
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Nelson Peltz is circling Wendy's with a take-private consortium even as the burger chain logs its sixth straight quarter of falling sales and shutters hundreds of restaurants. Whether deal fever or a…
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The Wendy's Company operates and franchises a system of quick-service restaurants under the Wendy's brand, serving made-to-order food including square hamburgers using fresh beef, chicken sandwiches, nuggets, Frosty desserts, and other menu items.
What is the WEN stock price target?
24/7 Wall St.'s 12-month price target for WEN is $10.84, rated Buy. The Wall Street consensus target is $7.18. WEN price prediction →