Ieq Capital LLC lifted its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 220.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,531 shares of the restaurant operator's stock after buying an additional 184,749 shares during the period. Ieq Capital LLC owned approximately 0.13% of Wendy's worth $4,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Wendy's by 670.3% in the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 1,220 shares during the period. GAMMA Investing LLC raised its holdings in shares of Wendy's by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after buying an additional 1,400 shares during the period. AM Squared Ltd bought a new position in Wendy's in the 3rd quarter worth about $49,000. Bartlett & CO. Wealth Management LLC grew its position in shares of Wendy's by 46.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after buying an additional 985 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Wendy's by 39.6% in the 3rd quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator's stock worth $65,000 after purchasing an additional 1,046 shares during the period. Hedge funds and other institutional investors own 85.96% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on WEN shares. Stifel Nicolaus reduced their target price on Wendy's from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Truist Financial dropped their price objective on shares of Wendy's from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Stephens reaffirmed an "equal weight" rating and set a $15.00 price target on shares of Wendy's in a research report on Thursday, February 13th. BMO Capital Markets upped their target price on Wendy's from $19.00 to $20.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Finally, Argus raised shares of Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Wendy's has a consensus rating of "Hold" and an average target price of $18.73.
Get Our Latest Analysis on WEN
Wendy's Stock Up 1.1 %
Shares of Wendy's stock traded up $0.18 during trading hours on Tuesday, hitting $16.12. The company had a trading volume of 2,347,042 shares, compared to its average volume of 5,284,584. The company's 50-day moving average is $15.30 and its two-hundred day moving average is $17.04. The company has a market cap of $3.28 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77. The Wendy's Company has a twelve month low of $13.72 and a twelve month 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 results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The firm had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. Analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.
Wendy's Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.21%. Wendy's's dividend payout ratio (DPR) is presently 105.26%.
About Wendy's
(
Free Report)
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.
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