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WEN Wendy's $17.70 -0.01 (-0.06%) , PNR Pentair $42.66 -0.92 (-2.11%) 09:52 09/11/18 09/11 09:52 09/11/18 09:52 Periodicals	Dealreporter speculates on what Pentair exit means for next Trian target » Trian's Matthew… Trian's Matthew Peltz is stepping down from the board of Pentair (PNR) and said he would like to "devote more time to current and future board positions," noted Dealreporter, which said he currently sits on only one other board, Wendy's (WEN). The deal-focused publication wonders if Peltz's future board membership could include a position at Trian's yet-to-be-named new position, and if that could end up being in the quick serve space, according to contacts. WEN Wendy's $17.70 -0.01 (-0.06%) PNR Pentair $42.66 -0.92 (-2.11%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	13 Sep
WEN Wendy's $17.16 -0.48 (-2.72%) 04:55 09/05/18 09/05 04:55 09/05/18 04:55 Conference/Events	Wendy's management to meet with RBC Capital » Meeting to be held in New… Meeting to be held in New York on September 5 hosted by RBC Capital. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	05 Sep 13 Sep
WEN Wendy's $17.64 0.025 (0.14%) 16:13 09/02/18 09/02 16:13 09/02/18 16:13 Conference/Events	Wendy's management to meet with RBC Capital » Meeting to be held in New… Meeting to be held in New York on September 5 hosted by RBC Capital. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	05 Sep 13 Sep
WEN Wendy's , MCD McDonald's $163.12 1.48 (0.92%) 07:38 08/30/18 08/30 07:38 08/30/18 07:38 Recommendations	Wendy's, McDonald's analyst commentary at RBC Capital » Wendy's free cash… Wendy's free cash flows and earnings to start normalizing, says RBC Capital. RBC Capital analyst David Palmer kept his Sector Perform rating and $18 price target on Wendy's (WEN) ahead of its roadshow event on September 5th. The analyst notes that while he sees a path to FY19 and FY20 EPS growth of 20% on higher share repurchase assumptions, long term revenue growth should stay around 3%-4% and comps at 1%-2%. Palmer adds that Wendy's may be faced with growing competitive pressure and share losses to "delivery aggregators and improving execution by McDonald's (MCD), Panera, and Chick-Fil-A." WEN Wendy's MCD McDonald's $163.12 1.48 (0.92%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	13 Sep 24 Sep
QSR Restaurant Brands , WEN Wendy's $18.00 -0.19 (-1.04%) … 07:28 08/23/18 08/23 07:28 08/23/18 07:28 Recommendations	Restaurant Brands, Wendy's, Darden, Texas Roadhouse, BJ's Restaurants analyst commentary at Stephens » Stephens says… Stephens says 'favorites' in quick service remain Restaurant Brands, Wendy's. Stephens analyst Will Slabaugh reviewed the Q2 earnings season for the restaurant space, telling investors in a research note that he continues to believe that the underlying consumer is "healthy" and capable of spending more money year-over-year, though he expects traffic to be increasingly split between those both improving quality and value and those systems that have been slower to adapt to a more discerning customer. Slabaugh says he believes that expectations remain high among the restaurant space, and remains focused on his top picks in the space, contending that his favorites in quick service remain Restaurant Brands (QSR) and Wendy's (WEN), and that he is "sticking with" with the quality names in casual, including Darden (DRI), Texas Roadhouse (TXRH) and BJ's Restaurants (BJRI). QSR Restaurant Brands WEN Wendy's $18.00 -0.19 (-1.04%) DRI Darden $113.80 -0.21 (-0.18%) TXRH Texas Roadhouse $66.96 -0.12 (-0.18%) BJRI BJ's Restaurants $69.05 2.3 (3.45%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	11 Sep 12 Sep 06 Nov

Over a month ago
WEN Wendy's $18.41 0.53 (2.96%) 14:36 08/16/18 08/16 14:36 08/16/18 14:36 Recommendations	Wendy's analyst commentary at Argus » Wendy's price target… Wendy's price target raised to $21 on 'solid' quarterly results at Argus. Argus analyst John Staszak raised his price target for Wendy's to $21 from $19 following a "solid" quarter. The analyst believes the company has revitalized its brand over the last three years by selling more than 800 company-owned restaurants, and notes that it is also working to strengthen its brand through new product launches and stepped-up marketing. Staszak reiterates a Buy rating on the shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
WEN Wendy's $17.88 0.04 (0.22%) 09:17 08/16/18 08/16 09:17 08/16/18 09:17 Hot Stocks	Wendy's sells 12.3% ownership interest in Inspire Brands for $450M » The Wendy's Company… The Wendy's Company announced that it has accepted an offer from Inspire Brands to sell its 12.3% ownership interest in the company back to Inspire Brands for $450M. The agreement was approved by The Wendy's Company Board of Directors and represents a 38% premium on the Wendy's Company's previous valuation of the investment. The Company views this transaction as one that will provide the Company future flexibility to invest in the growth of the Wendy's brand and Company and increase its share repurchase program. The Board of Directors has authorized a new share repurchase program for up to $100M of the Company's common stock through December 27, 2019. This is in addition to the Company's current $175M share repurchase authorization, expiring March 3, 2019, which had $93.1M remaining as of August 1, 2018. Further details will be provided as the Company develops additional plans to utilize the proceeds from this transaction. The Wendy's Company sold its 12.3% ownership interest in Inspire Brands for $450M. The Inspire investment had a carrying value of zero. As a result, the Company is expecting approximately $335M of cash proceeds net of tax. The transaction close August 16, 2018. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
WEN Wendy's $17.71 -0.13 (-0.73%) 10:28 08/15/18 08/15 10:28 08/15/18 10:28 Conference/Events	Wendy's participates in a conference call with Stephens » Conference call with… Conference call with management to be held on August 15 at 12:30 pm hosted by Stephens. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	15 Aug 15 Aug
WEN Wendy's $17.84 0.48 (2.77%) 04:55 08/15/18 08/15 04:55 08/15/18 04:55 Conference/Events	Wendy's management to meet with Stephens » Meeting to be held in… Meeting to be held in Boston on August 15 hosted by Stephens. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	15 Aug
BK BNY Mellon $50.97 0.825 (1.65%) , GE General Electric $12.35 -0.09 (-0.72%) … 16:29 08/14/18 08/14 16:29 08/14/18 16:29 Hot Stocks	Trian Fund boosts BNY Mellon, lowers stake in Wendy's » Nelson Peltz's Trian… Nelson Peltz's Trian Fund disclosed in an SEC filing its holdings as of June 30, 2018. Trian's three increased holdings, including by size of previous position Bank of New York Mellon (BK), General Electric (GE), and Mondelez (MDLZ). The fund reduced its stake in three holdings, including by size Wendy's (WEN) and Sysco (SYY). Trian's top holdings as of June 30 were, by size, Procter & Gamble (PG), Sysco, GE, BNY Mellon, and Mondelez. BK BNY Mellon $50.97 0.825 (1.65%) GE General Electric $12.35 -0.09 (-0.72%) MDLZ Mondelez $41.87 -0.03 (-0.07%) WEN Wendy's $17.84 0.48 (2.77%) SYY Sysco $74.19 1.47 (2.02%) PG Procter & Gamble $81.31 -0.21 (-0.26%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	15 Aug 07 Sep 24 Sep 25 Sep 27 Sep

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