Wendy's Shares Heat Up on Trian Disclosure -- WSJ

Dow Jones

Feb 19

By Heather Haddon

Wendy's shares soared after longtime investor Nelson Peltz said he may push for changes at the struggling burger chain.

Peltz and others associated with his firm Trian Fund Management have spoken to potential investors about strategic options for Wendy's, including potentially taking control of the company and taking it private, the firm said in a filing Wednesday. Trian has retained advisers pertaining to Wendy's and how to move forward in improving its returns for investors, the firm said.

Wendy's shares gained around 15% Wednesday. The company didn't immediately respond to a request for comment. Wendy's reported lackluster fourth-quarter earnings results last week.

Peltz and his associates have long been major investors in the chain. The firm currently holds a roughly 16% stake and continues to have a board presence. Trian in 2022 pushed for strategic options at Wendy's, including a potential sale. It backed off in 2023.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 18, 2026 11:36 ET (16:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4209":"餐馆","BK4547":"WSB热门概念","WEN":"温蒂汉堡"},"translate_title":"特里安披露后，温迪的股价上涨——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEN":1.5},"content_text":"By Heather Haddon \n\n\n     Wendy's shares soared after longtime investor Nelson Peltz said he may push for changes at the struggling burger chain. \n\n\n     Peltz and others associated with his firm Trian Fund Management have spoken to potential investors about strategic options for Wendy's, including potentially taking control of the company and taking it private, the firm said in a filing Wednesday. Trian has retained advisers pertaining to Wendy's and how to move forward in improving its returns for investors, the firm said. \n\n\n     Wendy's shares gained around 15% Wednesday. The company didn't immediately respond to a request for comment. 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