Intech Investment Management LLC Purchases 153,604 Shares of The Wendy's Company $WEN

Key Points

• Intech Investment Management LLC increased its stake in The Wendy's Company by 398.2%, owning a total of 192,177 shares valued at approximately $2.81 million.
• Wendy's reported earnings of $0.29 per share for the recent quarter, exceeding analysts' estimates, with a net margin of 8.63% despite a year-over-year revenue decline of 1.7%.
• The company announced a quarterly dividend of $0.14 per share, providing investors with a yield of 5.8%.

Intech Investment Management LLC increased its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 398.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,177 shares of the restaurant operator's stock after acquiring an additional 153,604 shares during the quarter. Intech Investment Management LLC owned about 0.10% of Wendy's worth $2,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Wendy's by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator's stock worth $316,509,000 after acquiring an additional 536,071 shares during the last quarter. AQR Capital Management LLC lifted its stake in Wendy's by 2.1% in the first quarter. AQR Capital Management LLC now owns 10,638,169 shares of the restaurant operator's stock valued at $154,998,000 after buying an additional 217,055 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Wendy's by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator's stock valued at $99,012,000 after buying an additional 464,444 shares in the last quarter. Northern Trust Corp lifted its stake in Wendy's by 89.6% in the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator's stock valued at $43,705,000 after buying an additional 1,411,912 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Wendy's by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator's stock valued at $37,707,000 after buying an additional 142,500 shares in the last quarter. Institutional investors own 85.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $13.00 price target on shares of Wendy's in a research note on Friday, August 8th. Bank of America cut their price target on shares of Wendy's from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Wall Street Zen raised shares of Wendy's from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Loop Capital cut their price target on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Wendy's in a research note on Friday, August 8th. Two equities research 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.97.

Wendy's Price Performance

Shares of WEN opened at $9.66 on Monday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.82 and a beta of 0.37. The Wendy's Company has a 1-year low of $9.63 and a 1-year high of $20.60. The company's fifty day simple moving average is $10.42 and its 200 day simple moving average is $12.02. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The business had revenue of $560.93 million for the quarter, compared to the consensus estimate of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, research analysts forecast 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. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, September 2nd. Wendy's's payout ratio is presently 58.33%.

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.

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