Victory Capital Management Inc. Grows Position in The Wendy's Company (NASDAQ:WEN)

Victory Capital Management Inc. grew its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 93.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,281 shares of the restaurant operator's stock after purchasing an additional 766,910 shares during the quarter. Victory Capital Management Inc. owned about 0.78% of Wendy's worth $25,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Wendy's by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator's stock worth $102,743,000 after buying an additional 458,106 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wendy's during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp increased its stake in Wendy's by 424.5% during the 4th quarter. Jones Financial Companies Lllp now owns 6,488 shares of the restaurant operator's stock valued at $106,000 after purchasing an additional 5,251 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Wendy's by 862.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 12,143 shares of the restaurant operator's stock valued at $198,000 after buying an additional 10,881 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Wendy's during the fourth quarter worth about $213,000. Institutional investors own 85.96% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WEN. Stephens reaffirmed an "equal weight" rating and issued a $15.00 price target on shares of Wendy's in a research report on Thursday, March 6th. Citigroup upped their price target on Wendy's from $15.50 to $16.50 and gave the stock a "neutral" rating in a report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $17.00 price objective (down from $20.00) on shares of Wendy's in a report on Wednesday, February 26th. Stifel Nicolaus dropped their price target on shares of Wendy's from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Finally, Truist Financial reduced their price objective on shares of Wendy's from $22.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.08.

Wendy's Stock Performance

Shares of Wendy's stock traded up $0.12 during trading hours on Thursday, reaching $15.37. The company had a trading volume of 311,183 shares, compared to its average volume of 3,914,406. 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 $13.72 and a one year high of $20.65. The firm has a market cap of $3.08 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The business has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $16.90.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $564.17 million. On average, analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date is Monday, March 3rd. Wendy's's dividend payout ratio (DPR) is presently 105.26%.

Wendy's Company Profile

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.