Peltz swaps restaurant investments

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Peltz swaps restaurant investments

February 24, 2009
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Investment funds affiliated with Nelson Peltz, the well-known activist investor and nonexecutive chairman at Wendy’s/Arby’s Group Inc., have snatched up stock in quick-service and snack brands, and dumped holdings in casual-dining companies.

According to the latest filings from Peltz’s various Trian funds, which covered holdings as of Dec. 31, Krispy Kreme Doughnuts Inc. and CKE Restaurants Inc. are in, while P.F. Chang’s China Bistro Inc. and The Cheesecake Factory Inc. are out.

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