Two Sigma Advisers LP trimmed its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 34.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,044,605 shares of the restaurant operator's stock after selling 546,700 shares during the period. Two Sigma Advisers LP owned approximately 0.51% of Wendy's worth $18,301,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of WEN. Strategic Investment Solutions Inc. IL bought a new stake in Wendy's during the 2nd quarter worth approximately $27,000. Quarry LP bought a new stake in Wendy's in the 2nd quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in Wendy's in the 2nd quarter worth $33,000. Signaturefd LLC increased its holdings in Wendy's by 94.7% during the 2nd quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator's stock worth $45,000 after purchasing an additional 1,286 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Wendy's in the third quarter valued at about $49,000. Institutional investors own 85.96% of the company's stock.
Wendy's Stock Performance
WEN traded up $0.09 during trading on Monday, hitting $17.57. The stock had a trading volume of 3,859,296 shares, compared to its average volume of 3,518,228. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.43 and a beta of 0.77. The company has a 50 day moving average price of $18.69 and a 200-day moving average price of $17.59. The Wendy's Company has a one year low of $15.61 and a one year high of $20.65.
Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Wendy's had a net margin of 8.76% and a return on equity of 70.02%. The business had revenue of $566.70 million for the quarter, compared to the consensus estimate of $560.50 million. During the same period in the prior year, the company posted $0.27 earnings per share. Wendy's's revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that The Wendy's Company will post 0.99 EPS for the current year.
Wendy's Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.69%. Wendy's's dividend payout ratio is currently 105.26%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on WEN shares. Tigress Financial restated a "buy" rating and issued a $29.00 target price on shares of Wendy's in a research note on Wednesday, September 4th. JPMorgan Chase & Co. raised their target price on shares of Wendy's from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Wendy's in a research note on Friday, November 1st. Truist Financial increased their price target on Wendy's from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Wolfe Research raised Wendy's to a "strong-buy" rating in a research report on Friday, September 13th. One 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.36.
Read Our Latest Stock Report on Wendy's
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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