Quantinno Capital Management LP grew its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 90.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,747 shares of the restaurant operator's stock after acquiring an additional 52,225 shares during the quarter. Quantinno Capital Management LP owned about 0.05% of Wendy's worth $1,923,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. lifted its position in shares of Wendy's by 159.6% in the third 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. HighTower Advisors LLC lifted its position in Wendy's by 2.0% during the third quarter. HighTower Advisors LLC now owns 66,706 shares of the restaurant operator's stock worth $1,181,000 after buying an additional 1,289 shares in the last quarter. Centiva Capital LP purchased a new position in Wendy's during the third quarter worth approximately $761,000. True Wealth Design LLC purchased a new position in Wendy's during the third quarter worth approximately $101,000. Finally, Edgestream Partners L.P. purchased a new position in Wendy's during the third quarter worth approximately $438,000. Hedge funds and other institutional investors own 85.96% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Stephens reiterated an "equal weight" rating and set a $19.00 price objective on shares of Wendy's in a research report on Tuesday, November 19th. Tigress Financial reiterated a "buy" rating and set a $29.00 price objective on shares of Wendy's in a research report on Wednesday, September 4th. TD Cowen lifted their price objective on Wendy's from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on Wendy's from $19.00 to $20.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Wendy's from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.36.
View Our Latest Stock Report on WEN
Wendy's Trading Down 0.6 %
Shares of NASDAQ WEN traded down $0.11 during trading on Thursday, reaching $17.29. The stock had a trading volume of 2,625,882 shares, compared to its average volume of 3,528,602. The Wendy's Company has a fifty-two week low of $15.61 and a fifty-two week high of $20.65. 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 business's 50-day moving average price is $18.69 and its 200-day moving average price is $17.58. The company has a market cap of $3.52 billion, a P/E ratio of 18.20, a PEG ratio of 2.43 and a beta of 0.77.
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 the consensus estimate of $0.25. Wendy's had a return on equity of 70.02% and a net margin of 8.76%. The firm had revenue of $566.70 million during the quarter, compared to analysts' expectations of $560.50 million. During the same period in the previous year, the firm posted $0.27 EPS. Wendy's's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that The Wendy's Company will post 0.99 EPS for the current fiscal year.
Wendy's Announces Dividend
The business also recently announced 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 5.78%. Wendy's's payout ratio is 105.26%.
About Wendy's
(
Free Report)
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.
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