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Wendy’s (NASDAQ:WEN) holder hedge fund Trian Fund Management disclosed it sold 2.9 million shares, or worth more than $58 million, at $20.30 per share, as reported in real time on InvestingPro. Trian said the sales were done for portfolio management purposes. None of the shares that were sold were owned directly by Messrs. Peltz, May, or M. Peltz.
Earlier this month, the company reported its Q2 results, with EPS coming in better than the consensus estimate on strong same-restaurant sales momentum. However, shares declined around 7% since then.
Hedge fund Stadium Capital Management LLC disclosed an 8.5% (or 1,889,461 shares) stake in Sleep Number (NASDAQ:SNBR), which is worth more than $42M.
Spectrum Brands (NYSE:SPB) CEO David Maura purchased 10,000 common shares, or worth nearly $800,000, at $79.19-$79.22. Maura owns a total of 688,816 shares following the latest purchase.
Red Robin Gourmet Burgers (NASDAQ:RRGB) CEO Gerard Johan Hart purchased 25,000 common shares, or worth over $250,000, at an average price of $10.26 per share. Hart owns 409,012 shares following the latest purchase.
Groupon (NASDAQ:GRPN) Interim CEO, Dusan Senkypl, purchased 437,500 common shares, or worth over $2.6M, at $6 per share tied to an earlier nonqualified stock option grant. Shares of Groupon closed at $12.99 on Friday, so shares were bought at more than a 50% discount to the current market price.
Asana (NYSE:ASAN) CEO Dustin Moskovitz purchased 689,999 common shares, or worth about $14M, at $19.79-$20.35. The latest purchase is part of a plan Moskovitz disclosed in March 2023 for him to buy up to 30,000,000 shares of common stock before the end of 2023.
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