The Wendy's Company (NASDAQ:WEN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,907 shares of the restaurant operator's stock after selling 34,143 shares during the quarter. GSA Capital Partners LLP's holdings in Wendy's were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Wendy's in the 2nd quarter worth $27,000. Quarry LP purchased a new stake in shares of Wendy's in the 2nd quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of Wendy's in the 2nd quarter worth $33,000. Bessemer Group Inc. increased its stake in Wendy's by 483.2% in the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator's stock worth $35,000 after buying an additional 1,551 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Wendy's in the 1st quarter worth $44,000. 85.96% of the stock is owned by institutional investors.

Wendy's Price Performance

Shares of WEN stock traded up $0.04 on Wednesday, reaching $18.42. 3,361,547 shares of the company were exchanged, compared to its average volume of 3,532,372. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.56 and a beta of 0.79. The business has a 50-day moving average price of $18.40 and a 200 day moving average price of $17.70. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10. The Wendy's Company has a 1 year low of $15.61 and a 1 year high of $20.65.

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

Wendy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 5.43%. Wendy's's dividend payout ratio is presently 105.26%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Tigress Financial reissued a "buy" rating and issued a $29.00 price objective on shares of Wendy's in a research note on Wednesday, September 4th. Stephens reissued an "equal weight" rating and issued a $19.00 price objective on shares of Wendy's in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Wendy's from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Wolfe Research raised shares of Wendy's to a "strong-buy" rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus reduced their target price on shares of Wendy's from $20.00 to $19.00 and set a "hold" rating on the stock in a research report on Friday, August 2nd. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.36.

Wendy's Company 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.