Wendy’s just became the first fast food meme stock — but there is a catch

Beloved burger and Frosty chain Wendy’s (WEN) has won the honor of being the first fast-food stock to get roped into the red-hot meme stock trade.

Shares of Wendy’s spiked 16% in early afternoon trading on Tuesday after a favorable mention by traders on Reddit. The Wendy’s ticker page was the second most trafficked on the Yahoo Finance platform, behind other meme crowd favorite Clover Health (whose stock popped 55% out of nowhere). Wendy’s stock outperformed the slight decline in meme stock…