Concurrent Investment Advisors LLC grew its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 255.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 96,916 shares of the restaurant operator's stock after acquiring an additional 69,676 shares during the period. Concurrent Investment Advisors LLC owned about 0.05% of Wendy's worth $1,107,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Wendy's by 1,111.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock worth $31,000 after buying an additional 1,957 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Wendy's by 7,180.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock worth $50,000 after buying an additional 3,375 shares during the last quarter. Signaturefd LLC grew its stake in shares of Wendy's by 25.2% in the 2nd quarter. Signaturefd LLC now owns 5,336 shares of the restaurant operator's stock worth $61,000 after buying an additional 1,074 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Wendy's by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock worth $62,000 after buying an additional 2,033 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Wendy's by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator's stock worth $74,000 after buying an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Truist Financial set a $12.00 price target on Wendy's in a research note on Tuesday. Morgan Stanley restated an "underweight" rating on shares of Wendy's in a research note on Friday, August 8th. Stephens reaffirmed an "equal weight" rating on shares of Wendy's in a research report on Monday, August 11th. Piper Sandler reaffirmed an "overweight" rating and issued a $13.00 price objective on shares of Wendy's in a research report on Friday, August 8th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Wendy's in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.43.
Check Out Our Latest Research Report on WEN
Wendy's Price Performance
NASDAQ WEN opened at $8.87 on Thursday. The business's fifty day moving average price is $9.79 and its 200-day moving average price is $11.11. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.68 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The Wendy's Company has a 1-year low of $8.55 and a 1-year high of $20.60.
Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to analysts' expectations of $558.95 million. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The company's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, equities analysts predict that The Wendy's Company will post 0.99 earnings per share for the current year.
Wendy's Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy's's dividend payout ratio is presently 58.33%.
Wendy's Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Wendy's Company (NASDAQ:WEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wendy's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wendy's wasn't on the list.
While Wendy's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.