Petrus Trust Company LTA Acquires Shares of 25,468 The Wendy's Company $WEN

Key Points

• Petrus Trust Company LTA has acquired a new stake in The Wendy's Company, purchasing 25,468 shares valued at approximately $373,000 during the first quarter.
• Wendy's reported a quarterly EPS of $0.29, surpassing analysts' expectations of $0.25, with a revenue of $560.93 million for the quarter.
• The company announced a quarterly dividend of $0.14, set to be paid on September 16th, representing an annualized dividend yield of 5.4%.

Petrus Trust Company LTA bought a new stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,468 shares of the restaurant operator's stock, valued at approximately $373,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in shares of Wendy's in the fourth quarter worth about $31,000. Farther Finance Advisors LLC increased its stake in 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 worth $31,000 after acquiring an additional 1,957 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $50,000 after acquiring an additional 3,375 shares during the last quarter. Signaturefd LLC increased its stake in Wendy's by 27.4% during the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 917 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Wendy's by 91.0% during the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 2,033 shares during the last quarter. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WEN. JPMorgan Chase & Co. upped their target price on Wendy's from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Stifel Nicolaus set a $12.00 price objective on Wendy's in a report on Friday, August 15th. BTIG Research reissued a "neutral" rating on shares of Wendy's in a research report on Friday, August 8th. Truist Financial cut their target price on Wendy's from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Finally, Stephens reissued an "equal weight" rating on shares of Wendy's in a research report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have assigned a Hold rating and two have given 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

WEN traded down $0.21 on Friday, hitting $9.68. 4,318,981 shares of the company were exchanged, compared to its average volume of 5,984,250. The business's fifty day moving average is $10.46 and its 200 day moving average is $12.11. The firm has a market capitalization of $1.84 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.37. The Wendy's Company has a fifty-two week low of $9.66 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating 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 business had revenue of $560.93 million for the quarter, compared to the consensus estimate of $558.95 million. During the same quarter last year, the firm posted $0.27 EPS. The business'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. As a group, sell-side analysts anticipate that The Wendy's Company will post 0.99 EPS for the current year.

Wendy's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.14 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. Wendy's's dividend payout ratio is currently 58.33%.

Wendy's 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.