Quinn Opportunity Partners LLC acquired a new stake in The Wendy's Company (NASDAQ:WEN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 44,000 shares of the restaurant operator's stock, valued at approximately $717,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Wendy's by 296.1% during the 4th quarter. Invesco Ltd. now owns 1,882,829 shares of the restaurant operator's stock worth $30,690,000 after purchasing an additional 1,407,503 shares during the period. Trexquant Investment LP bought a new position in Wendy's during the 4th quarter worth approximately $16,678,000. Assenagon Asset Management S.A. purchased a new stake in shares of Wendy's during the fourth quarter worth about $13,358,000. Victory Capital Management Inc. boosted its position in shares of 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 valued at $25,938,000 after purchasing an additional 766,910 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Wendy's in the fourth quarter worth $8,031,000. Institutional investors and hedge funds own 85.96% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on WEN shares. TD Securities reissued a "hold" rating and issued a $16.00 target price on shares of Wendy's in a report on Friday, March 7th. Citigroup boosted their price target on Wendy's from $15.50 to $16.50 and gave the company a "neutral" rating in a report on Friday, March 7th. Wedbush reissued a "neutral" rating and issued a $16.00 price objective on shares of Wendy's in a research report on Friday, March 7th. Barclays increased their price target on Wendy's from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $17.00 price objective (down from $20.00) on shares of Wendy's in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $17.97.
Check Out Our Latest Report on WEN
Wendy's Stock Down 0.4 %
Shares of WEN stock traded down $0.05 on Tuesday, reaching $13.17. 6,254,710 shares of the company were exchanged, compared to its average volume of 4,206,023. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.00 and a beta of 0.61. 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 Wendy's Company has a one year low of $12.05 and a one year high of $20.65. The company has a 50-day moving average of $14.62 and a 200-day moving average of $16.37.
Wendy's (NASDAQ:WEN - Get Free Report) last posted 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. The company had revenue of $574.27 million for the quarter, compared to analysts' expectations of $564.17 million. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. Analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current year.
Wendy's Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.59%. Wendy's's dividend payout ratio is currently 105.26%.
About Wendy's
(
Free Report)
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.
Featured Articles
Before you consider Wendy's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wendy's wasn't on the list.
While Wendy's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
