WINTON GROUP Ltd Acquires Shares of 18,503 The Wendy's Company (NASDAQ:WEN)

WINTON GROUP Ltd purchased a new stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,503 shares of the restaurant operator's stock, valued at approximately $302,000.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Wendy's by 670.3% in the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wendy's in the 4th quarter valued at $30,000. GAMMA Investing LLC raised 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 last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Wendy's during the fourth quarter valued at $46,000. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings 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 valued at $51,000 after acquiring an additional 985 shares during the last quarter. Institutional investors own 85.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Wendy's from $17.00 to $15.00 and set a "sell" rating on the stock in a research report on Thursday, February 6th. TD Securities reaffirmed a "hold" rating and issued a $16.00 price objective on shares of Wendy's in a research note on Friday, March 7th. UBS Group upped their target price on shares of Wendy's from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Morgan Stanley restated an "underweight" rating and issued a $14.00 price target (down from $22.00) on shares of Wendy's in a research report on Tuesday, January 21st. Finally, Argus upgraded Wendy's to a "strong-buy" rating in a report on Tuesday, February 18th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.08.

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Wendy's Stock Up 0.6 %

Wendy's stock traded up $0.09 during midday trading on Tuesday, reaching $14.72. The stock had a trading volume of 3,048,156 shares, compared to its average volume of 4,070,165. The Wendy's Company has a 1-year low of $13.72 and a 1-year 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 firm's fifty day simple moving average is $14.98 and its 200-day simple moving average is $16.72. The stock has a market capitalization of $2.95 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. The business had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. As a group, analysts expect that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.79%. Wendy's's dividend payout ratio 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 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.