Aquatic Capital Management LLC Has $1.80 Million Position in The Wendy's Company (NASDAQ:WEN)

Aquatic Capital Management LLC trimmed its stake in The Wendy's Company (NASDAQ:WEN - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,326 shares of the restaurant operator's stock after selling 21,374 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.05% of Wendy's worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC bought a new position in shares of Wendy's in the 4th quarter worth $1,369,000. Nebula Research & Development LLC bought a new stake in Wendy's during the 4th quarter valued at about $2,841,000. Kovitz Investment Group Partners LLC grew its stake in shares of Wendy's by 1,636.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 263,767 shares of the restaurant operator's stock worth $4,299,000 after acquiring an additional 248,575 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Wendy's in the fourth quarter worth approximately $232,000. Finally, Dark Forest Capital Management LP purchased a new stake in Wendy's in the 4th quarter worth approximately $293,000. Hedge funds and other institutional investors own 85.96% of the company's stock.

Analysts Set New Price Targets

WEN has been the subject of a number of analyst reports. Barclays lowered their price target on shares of Wendy's from $17.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $17.00 target price (down previously from $20.00) on shares of Wendy's in a research note on Wednesday, February 26th. Morgan Stanley reissued an "underweight" rating and issued a $14.00 price target (down from $22.00) on shares of Wendy's in a report on Tuesday, January 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $17.00 target price on shares of Wendy's in a research report on Tuesday, March 4th. Finally, Stephens reissued an "equal weight" rating and set a $15.00 target price on shares of Wendy's in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.58.

Wendy's Stock Down 0.1 %

NASDAQ WEN traded down $0.01 during trading hours on Thursday, reaching $12.49. 5,260,158 shares of the company's stock were exchanged, compared to its average volume of 4,238,175. 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 $2.45 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The company's 50-day moving average is $14.10 and its two-hundred day moving average is $15.94. The Wendy's Company has a one year low of $12.05 and a one year high of $20.65.

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

Wendy's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend was Monday, March 3rd. Wendy's's dividend payout ratio (DPR) is currently 105.26%.

About Wendy's

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.