XTX Topco Ltd Buys New Position in The Wendy's Company (NASDAQ:WEN)

XTX Topco Ltd bought a new position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 93,035 shares of the restaurant operator's stock, valued at approximately $1,630,000.

A number of other hedge funds also recently modified their holdings of WEN. Strategic Investment Solutions Inc. IL acquired a new stake in Wendy's in the 2nd quarter worth about $27,000. Quarry LP bought a new position in Wendy's in the 2nd quarter valued at about $30,000. International Assets Investment Management LLC bought a new position in Wendy's in the 2nd quarter valued at about $33,000. Signaturefd LLC increased its holdings in Wendy's by 94.7% in the 2nd quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator's stock valued at $45,000 after buying an additional 1,286 shares during the period. Finally, AM Squared Ltd bought a new position in Wendy's in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 85.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Wendy's from $21.00 to $22.00 and gave the company a "buy" rating in a report on Friday, November 1st. TD Cowen lifted their price target on shares of Wendy's from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Tigress Financial reaffirmed a "buy" rating and set a $29.00 price target on shares of Wendy's in a report on Wednesday, September 4th. Citigroup boosted their target price on shares of Wendy's from $18.00 to $18.75 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Finally, Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of Wendy's in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.36.

Wendy's Stock Performance

WEN traded down $0.21 during trading on Friday, hitting $17.48. 3,326,622 shares of the company traded hands, compared to its average volume of 3,274,168. The firm has a market cap of $3.56 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.77. The stock's fifty day moving average is $18.69 and its 200 day moving average is $17.59. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. 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 posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.50 million. Wendy's had a net margin of 8.76% and a return on equity of 70.02%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. As a group, equities analysts predict that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Monday, December 2nd. Wendy's's payout ratio is 105.26%.

Wendy's Company Profile

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.