Key Points Meritage Hospitality Group has been a top Wendy's operator for years. This compounds the struggles the restaurant company has faced for some time. 10 stocks we like better than Wendy's › Struggling quick-service restaurant (QSR) company Wendy's (NASDAQ: WEN) didn't barrel into the weekend on a high note, at least as far as its stock was concerned. That followed news that a major corporate franchisee running hundreds of Wendy's had filed for Chapter 11 bankruptcy protection. The fast-food mainstay's shares closed Friday down nearly 4%. Is a franchisee fading? That franchisee is Meritage Hospitality Group , a Michigan-based company that primarily operates Wendy's.
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