22,242 Shares in The Wendy's Company (NASDAQ:WEN) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in The Wendy's Company (NASDAQ:WEN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,242 shares of the restaurant operator's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WEN. Natixis Advisors LLC purchased a new position in shares of Wendy's in the third quarter valued at about $258,000. Thrivent Financial for Lutherans grew its stake in shares of Wendy's by 3.3% in the third quarter. Thrivent Financial for Lutherans now owns 56,603 shares of the restaurant operator's stock worth $992,000 after purchasing an additional 1,794 shares during the last quarter. Citigroup Inc. increased its holdings in Wendy's by 1,653.5% during the 3rd quarter. Citigroup Inc. now owns 376,978 shares of the restaurant operator's stock valued at $6,605,000 after purchasing an additional 355,480 shares during the period. Cerity Partners LLC raised its position in Wendy's by 202.6% during the 3rd quarter. Cerity Partners LLC now owns 253,036 shares of the restaurant operator's stock valued at $4,433,000 after purchasing an additional 169,407 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in Wendy's in the 3rd quarter worth approximately $968,000. 85.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus upgraded Wendy's to a "strong-buy" rating in a report on Tuesday, February 18th. Stephens restated an "equal weight" rating and issued a $15.00 price objective on shares of Wendy's in a report on Thursday, March 6th. Wedbush reaffirmed a "neutral" rating and issued a $16.00 target price on shares of Wendy's in a research report on Friday, March 7th. TD Securities reiterated a "hold" rating and set a $16.00 price target on shares of Wendy's in a research report on Friday, March 7th. Finally, Citigroup raised their price objective on shares of Wendy's from $15.50 to $16.50 and gave the stock a "neutral" rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.08.

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Wendy's Stock Performance

WEN remained flat at $14.63 during trading on Monday. The company's stock had a trading volume of 3,639,166 shares, compared to its average volume of 4,068,500. The firm has a market cap of $2.93 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The business's 50-day moving average is $14.97 and its 200 day moving average is $16.74. The Wendy's Company has a 1-year low of $13.72 and a 1-year high of $20.65. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The company had revenue of $574.27 million for the quarter, compared to analysts' expectations of $564.17 million. On average, equities analysts expect that The Wendy's Company will post 0.99 EPS for the current year.

Wendy's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.84%. Wendy's's dividend payout ratio is presently 105.26%.

Wendy's Company Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.