Five Best Fast Food Chain Stocks to Buy Now

3. Wendys Co (NASDAQ:WEN)

Investors with Long Positions (as of June 30): 38

Aggregate Value of Investors’ Holdings (as of June 30): $1.30 Billion

Wendys Co (NASDAQ:WEN) became very popular among the hedge funds monitored by Insider Monkey during the June quarter, as the number of investors increased by 20 quarter-over-quarter. The stakes owned by these funds accounted for 31.60% of the company’s outstanding common stock on June 30. The value of the overall stakes increased as well during the three-month period, growing by slightly more than $120 million. Even though the shares of Wendys have embarked on a steady downtrend since late-June, they are still in the green year-to-date. Wendys intends to reduce company-owned stores to 5% by mid-2016 through its re-franchising campaign, which could drive up its financial results in the years ahead. Jason Karp’s Tourbillon Capital Partners acquired a 4.20 million-share stake in Wendys Co (NASDAQ:WEN) during the second quarter.