78,430 Shares in The Wendy's Company (NASDAQ:WEN) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 78,430 shares of the restaurant operator's stock, valued at approximately $1,374,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEN. Arizona State Retirement System grew its position in shares of Wendy's by 1.5% during the second quarter. Arizona State Retirement System now owns 48,893 shares of the restaurant operator's stock valued at $829,000 after purchasing an additional 711 shares in the last quarter. Probity Advisors Inc. grew its holdings in Wendy's by 6.5% during the 3rd quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator's stock valued at $205,000 after buying an additional 715 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Wendy's by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,170 shares of the restaurant operator's stock worth $286,000 after acquiring an additional 801 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Wendy's by 1.6% during the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator's stock worth $874,000 after acquiring an additional 810 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Wendy's by 21.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator's stock valued at $95,000 after acquiring an additional 949 shares during the last quarter. Institutional investors own 85.96% of the company's stock.

Wendy's Stock Up 0.3 %

Shares of NASDAQ WEN traded up $0.06 during midday trading on Thursday, reaching $18.48. 2,905,468 shares of the company's stock traded hands, compared to its average volume of 3,528,861. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.56 and a beta of 0.79. The Wendy's Company has a one year low of $15.61 and a one year high of $20.65. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The stock's 50 day simple moving average is $18.47 and its 200-day simple moving average is $17.71.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Wendy's had a return on equity of 70.02% and a net margin of 8.76%. The firm had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.50 million. During the same period in the previous year, the company posted $0.27 EPS. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.41%. Wendy's's payout ratio is 105.26%.

Analyst Ratings Changes

A number of research firms recently issued reports on WEN. BMO Capital Markets upped their price target on shares of Wendy's from $19.00 to $20.00 and gave the company a "market perform" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Wendy's from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Friday, August 2nd. Citigroup raised their price objective on Wendy's from $18.00 to $18.75 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Piper Sandler cut their target price on Wendy's from $23.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Finally, TD Cowen lifted their price objective on shares of Wendy's from $17.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.36.

Wendy's Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.