WEN Stock Summary and Trading Ideas (Wendy's Company | NASDAQ:WEN)

The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.3 billion in 2023, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald's ($53.1 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 almost 7,157 total stores in 30 countries as of year-end 2023. 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 94% of stores, and through franchise flipping and advisory fees.

Wendy's Company trades on the NASDAQ stock market under the symbol WEN.

As of May 10, 2024, WEN stock price declined to $19.00 with 6,421,560 million shares trading.

WEN has a beta of 0.23, meaning it tends to be less sensitive to market movements. WEN has a correlation of 0.02 to the broad based SPY ETF.

WEN has a market cap of $3.90 billion. This is considered a Mid Cap stock.

Last quarter Wendy's Company reported $535 million in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.02.

In the last 3 years, WEN stock traded as high as $29.46 and as low as $15.77.

The top ETF exchange traded funds that WEN belongs to (by Net Assets): VTI, IJH, VB, SCHD, DVY.

WEN has underperformed the market in the last year with a price return of -13.8% while the SPY ETF gained +27.8%. WEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.4% and -5.7%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

WEN support price is $19.08 and resistance is $19.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEN stock will trade within this expected range on the day.