Focus Partners Advisor Solutions LLC Boosts Position in The Wendy's Company $WEN

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in The Wendy's Company by 445.0% in Q1, owning 55,554 shares worth $813,000.
• Wendy's reported an earnings per share (EPS) of $0.29 for the last quarter, exceeding analyst estimates of $0.25, despite a 1.7% year-over-year revenue decline.
• The company declared a $0.14 quarterly dividend, which translates to an annualized yield of 5.6%, with an upcoming ex-dividend date on September 2nd.

Focus Partners Advisor Solutions LLC boosted its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 445.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,554 shares of the restaurant operator's stock after acquiring an additional 45,360 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Wendy's were worth $813,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wendy's by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator's stock worth $99,012,000 after acquiring an additional 464,444 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Wendy's by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator's stock worth $37,707,000 after buying an additional 142,500 shares during the period. CWM LLC grew its position in Wendy's by 22.6% during the 1st quarter. CWM LLC now owns 200,375 shares of the restaurant operator's stock valued at $2,931,000 after purchasing an additional 36,954 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Wendy's during the 1st quarter valued at about $1,084,000. Finally, Sivia Capital Partners LLC bought a new position in shares of Wendy's in the 1st quarter worth approximately $326,000. Hedge funds and other institutional investors own 85.96% of the company's stock.

Wendy's Stock Performance

Shares of WEN stock traded up $0.16 during midday trading on Friday, hitting $10.33. The company had a trading volume of 7,542,823 shares, compared to its average volume of 6,329,930. The company's 50 day simple moving average is $10.60 and its 200 day simple moving average is $12.24. The Wendy's Company has a 52-week low of $9.74 and a 52-week high of $20.60. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.94 and a beta of 0.37. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.04. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The firm had revenue of $560.93 million for the quarter, compared to the consensus estimate of $558.95 million. During the same period in the previous year, the business earned $0.27 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Research analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, September 2nd. Wendy's's payout ratio is presently 58.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WEN. UBS Group reissued a "neutral" rating and issued a $11.00 target price (down from $14.00) on shares of Wendy's in a report on Wednesday, July 30th. TD Cowen reduced their target price on Wendy's from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Wall Street Zen upgraded Wendy's from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Bank of America lowered their price target on Wendy's from $13.00 to $11.00 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Stephens reaffirmed an "equal weight" rating on shares of Wendy's in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.97.

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.