Sanctuary Advisors LLC lessened its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,054 shares of the restaurant operator's stock after selling 35,262 shares during the quarter. Sanctuary Advisors LLC's holdings in Wendy's were worth $492,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Wendy's by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Wendy's by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 1,400 shares during the period. AM Squared Ltd acquired a new stake in Wendy's in the 3rd quarter valued at about $49,000. Bartlett & CO. Wealth Management LLC lifted its stake in Wendy's by 46.4% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 985 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Wendy's in the third quarter valued at $101,000. 85.96% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
WEN has been the topic of several recent analyst reports. Truist Financial dropped their price target on shares of Wendy's from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group cut their price target on shares of Wendy's from $17.00 to $15.00 and set a "sell" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $17.00 price target on shares of Wendy's in a report on Tuesday. Argus raised Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, Wedbush upped their price target on shares of Wendy's from $15.50 to $16.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.34.
View Our Latest Analysis on WEN
Wendy's Stock Up 0.2 %
Shares of WEN stock traded up $0.03 during trading hours on Wednesday, reaching $14.95. The company had a trading volume of 5,653,245 shares, compared to its average volume of 3,854,602. The stock's fifty day simple moving average is $15.14 and its 200 day simple moving average is $16.97. 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 quick ratio of 1.83 and a current ratio of 1.85. The company has a market capitalization of $3.00 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77.
Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million for the quarter, compared to analysts' expectations 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Monday, March 3rd. Wendy's's 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 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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