Frank Rimerman Advisors LLC Has $765,000 Stock Holdings in The Wendy's Company (NASDAQ:WEN)

Frank Rimerman Advisors LLC raised its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 258.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,907 shares of the restaurant operator's stock after buying an additional 33,819 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Wendy's were worth $765,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Point72 Asset Management L.P. boosted its position in shares of Wendy's by 159.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator's stock valued at $112,844,000 after acquiring an additional 3,959,480 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Wendy's by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator's stock worth $102,743,000 after buying an additional 458,106 shares during the period. State Street Corp boosted its stake in Wendy's by 0.7% in the 3rd quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator's stock valued at $90,887,000 after buying an additional 37,801 shares in the last quarter. Geode Capital Management LLC grew its position in Wendy's by 3.9% in the third quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator's stock valued at $54,287,000 after acquiring an additional 115,875 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Wendy's by 93.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator's stock worth $25,938,000 after acquiring an additional 766,910 shares in the last quarter. 85.96% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WEN shares. Stifel Nicolaus lowered their target price on shares of Wendy's from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. UBS Group raised their price objective on shares of Wendy's from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group reduced their target price on Wendy's from $17.00 to $15.00 and set a "sell" rating on the stock in a report on Thursday, February 6th. Morgan Stanley restated an "underweight" rating and set a $14.00 target price (down previously from $22.00) on shares of Wendy's in a report on Tuesday, January 21st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $16.00 price target on shares of Wendy's in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.08.

Wendy's Trading Up 1.0 %

Shares of Wendy's stock traded up $0.15 during trading on Thursday, hitting $15.43. 3,283,064 shares of the company were exchanged, compared to its average volume of 3,940,270. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. The firm has a market capitalization of $3.09 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The firm's fifty day moving average price is $14.97 and its 200 day moving average price is $16.85. The Wendy's Company has a 1-year low of $13.72 and a 1-year high of $20.65.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. The business had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. As a group, sell-side analysts expect that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, March 3rd. Wendy's's dividend payout ratio (DPR) is 105.26%.

Wendy's Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid's meals.