Wendy's CFO Steven Cirulis Buys 39,536 Shares
Wendy's CFO Steven Cirulis purchased 39,536 shares, reflecting insider confidence.
Key Points
- Steven Cirulis, Wendy's CFO, bought 39,536 shares on June 23, 2026, showcasing insider confidence.
- Wendy's stock traded near $7.86 on Friday, with a market cap of approximately $1.18 billion and a P/E ratio of 8.0.
- Analysts hold a 'hold' consensus on Wendy's with a target price of $7.84, while recent insider buying suggests optimism.
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Steven Cirulis, the Chief Financial Officer and Chief Strategy Officer of The Wendy's Company, purchased 39,536 shares of the company on June 23, 2026. This buy is part of a series of insider transactions that signal confidence in the company's prospects.
Insider Buying and Selling at The Wendy's Company
On June 23, 2026, Steven Cirulis, who serves as the CFO and Chief Strategy Officer, bought 39,536 shares of The Wendy's Company. This transaction was not part of a pre-planned trading program, indicating a direct expression of confidence in the company's future. Additionally, other insiders, including President & CEO Robert Wright and President of U.S. Operations Peter Suerken, also made purchases earlier in June, further underscoring internal optimism.
Other Institutional Activity in The Wendy's Company
Trian Fund Management, L.P. made a minor addition of 5,704 shares, maintaining its holdings at 30,446,022 shares valued at about $211.6 million. In contrast, BlackRock, Inc. reduced its position by 3,166,946 shares, now holding 21,738,649 shares worth approximately $151.1 million, marking a 12.7% decrease. Vanguard Portfolio Management LLC opened a new position with 9,261,801 shares, valued at around $64.4 million. Morgan Stanley increased its holdings by 1,041,988 shares to a total of 7,591,054 shares, representing a 15.9% increase, while Wells Fargo & Company/MN boosted its stake by 2,688,138 shares, a 63.6% increase, reaching 6,912,786 shares.
The Wendy's Company Stock Down 11.4%
Shares of NasdaqGS:WEN traded near $7.86 on Friday. The Wendy's Company has a market cap of approximately $1.18 billion, with a P/E ratio of 8.0 and a forward P/E of 9.6. The stock's beta is 0.388, indicating lower volatility compared to the market. Over the past 52 weeks, Wendy's stock has ranged from a low of $6.12 to a high of $12.51, with a 50-day moving average of $7.13 and a 200-day moving average of $8.02. The company has a current ratio of 1.83 and a quick ratio of 1.40, with a debt-to-equity ratio of 3562.6.
$WEN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, The Wendy's Company posted revenue of $2.19 billion, reflecting a 3.3% growth rate. The company's net margin stood at 6.77%, with a return on equity of 1.21%. Earnings per share were recorded at $0.77. The next earnings release is scheduled for August 7, 2026.
Analysts Set New Price Targets
On June 23, 2026, Stephens & Co. reiterated its 'hold' rating on Wendy's, setting a price target of $8.00. Previously, Argus Research upgraded the stock to 'buy' with a target of $12.00 on May 13, 2026. The consensus among analysts is a 'hold' rating, with an average target price of $7.84 based on 20 analyst opinions.
About The Wendy's Company
The Wendy's Company, headquartered in Dublin, Ohio, operates a global chain of quick-service restaurants. Known for its hamburgers, chicken sandwiches, and Frosty desserts, Wendy's runs a mix of company-operated and franchised locations. As of late 2025, the company had 5,969 restaurants in the U.S. and 1,428 in international markets. Led by CEO Robert D. Wright, Wendy's employs nearly 5,000 people and continues to expand its footprint in the competitive fast-food sector.
Bottom Line
Insider buying at Wendy's, including significant purchases by CFO Steven Cirulis, suggests confidence in the company's future performance. While the stock trades at a modest valuation with a P/E ratio of 8.0, analysts maintain a 'hold' consensus with a target price around $7.84. As always, it's important to remember that insider trades offer a backward-looking view and don't predict future performance.
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