Fox Run Management L.L.C. Acquires New Stake in The Wendy's Company (NASDAQ:WEN)

Fox Run Management L.L.C. purchased a new position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 117,845 shares of the restaurant operator's stock, valued at approximately $1,921,000. Wendy's comprises approximately 0.3% of Fox Run Management L.L.C.'s portfolio, making the stock its 22nd largest holding. Fox Run Management L.L.C. owned about 0.06% of Wendy's at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new position in Wendy's in the 4th quarter worth about $1,560,000. Hillsdale Investment Management Inc. bought a new position in Wendy's in the fourth quarter worth approximately $46,000. Virtu Financial LLC purchased a new position in Wendy's during the 4th quarter worth $463,000. Quantbot Technologies LP raised its position in Wendy's by 105.1% during the 4th quarter. Quantbot Technologies LP now owns 128,959 shares of the restaurant operator's stock valued at $2,102,000 after purchasing an additional 66,071 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Wendy's in the 4th quarter worth $256,000. Hedge funds and other institutional investors own 85.96% of the company's stock.

Wendy's Price Performance

WEN traded up $0.19 during trading on Wednesday, hitting $14.74. The company's stock had a trading volume of 3,386,286 shares, compared to its average volume of 3,988,678. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 2.00 and a beta of 0.73. The business's fifty day simple moving average is $14.96 and its 200 day simple moving average is $16.79. The Wendy's Company has a twelve month low of $13.72 and a twelve month high of $20.65.

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

Wendy's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend was Monday, March 3rd. Wendy's's dividend payout ratio is presently 105.26%.

Analysts Set New Price Targets

Several research firms have recently commented on WEN. UBS Group boosted their price target on shares of Wendy's from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, March 7th. Stifel Nicolaus lowered their target price on shares of Wendy's from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. TD Securities reaffirmed a "hold" rating and issued a $16.00 price target on shares of Wendy's in a report on Friday, March 7th. Wedbush reissued a "neutral" rating and issued a $16.00 target price on shares of Wendy's in a research report on Friday, March 7th. Finally, Argus upgraded Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.08.

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.