Ieq Capital LLC Boosts Holdings in The Wendy's Company $WEN

Key Points

• Ieq Capital LLC increased its stake in The Wendy's Company by 112.2%, acquiring an additional 301,360 shares, bringing its total ownership to 569,891 shares valued at approximately $8.3 million.
• Wendy's recently reported earnings of $0.29 per share, exceeding analysts' estimates, along with a quarterly revenue of $560.93 million, although revenue saw a 1.7% decline year-over-year.
• The company announced a quarterly dividend of $0.14 per share, resulting in an annualized dividend yield of 5.3%, with the ex-dividend date set for September 2nd.

Ieq Capital LLC increased its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 112.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 569,891 shares of the restaurant operator's stock after purchasing an additional 301,360 shares during the quarter. Ieq Capital LLC owned 0.30% of Wendy's worth $8,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Colonial Trust Co SC bought a new position in Wendy's during the 4th quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in shares of Wendy's by 1,111.9% during the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 1,957 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Wendy's by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 3,375 shares during the last quarter. GAMMA Investing LLC lifted its position in Wendy's by 91.0% during the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 2,033 shares during the period. Finally, Signaturefd LLC boosted its holdings in Wendy's by 27.4% in the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock worth $62,000 after purchasing an additional 917 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Wendy's news, CMO Lindsay J. Radkoski purchased 5,050 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $11.68 per share, for a total transaction of $58,984.00. Following the purchase, the chief marketing officer owned 28,956 shares of the company's stock, valued at approximately $338,206.08. This represents a 21.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WEN shares. Stephens reaffirmed an "equal weight" rating on shares of Wendy's in a report on Monday, August 11th. Citigroup upgraded Wendy's from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Bank of America reduced their price target on shares of Wendy's from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, July 18th. Cowen reissued a "hold" rating on shares of Wendy's in a report on Friday, August 8th. Finally, Truist Financial cut their target price on shares of Wendy's from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Wendy's presently has a consensus rating of "Hold" and a consensus target price of $13.82.

Wendy's Stock Performance

Shares of WEN stock traded up $0.11 during trading hours on Monday, reaching $10.61. 6,057,868 shares of the company traded hands, compared to its average volume of 6,879,734. The firm has a 50-day moving average price of $10.77 and a 200 day moving average price of $12.38. The company has a market cap of $2.02 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.99 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. The Wendy's Company has a 12-month low of $9.74 and a 12-month high of $20.60.

Wendy's (NASDAQ:WEN - Get Free Report) last released its earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The company had revenue of $560.93 million for the quarter, compared to analysts' expectations of $558.95 million. During the same quarter last year, the business earned $0.27 EPS. The firm's revenue 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. As a group, sell-side analysts predict that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.3%. Wendy's's payout ratio is 58.33%.

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.