Graham Capital Management L.P. Has $5.29 Million Stock Position in The Wendy's Company $WEN

Key Points

• Graham Capital Management L.P. significantly increased its stake in The Wendy's Company by 315% during the first quarter, now holding a total of 361,891 shares valued at approximately $5.3 million.
• Wendy's reported earnings per share of $0.29 for the quarter, exceeding analysts' estimates, though its quarterly revenue experienced a 1.7% decline compared to the previous year.
• The company declared a quarterly dividend of $0.14 per share, with a payout ratio of 58.33% and an annualized dividend yield of 5.3%.

Graham Capital Management L.P. lifted its stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 315.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 361,891 shares of the restaurant operator's stock after purchasing an additional 274,692 shares during the quarter. Graham Capital Management L.P. owned 0.19% of Wendy's worth $5,294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Wendy's by 7.4% during 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 purchasing an additional 464,444 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 acquiring an additional 142,500 shares during the last quarter. CWM LLC grew its position in Wendy's by 22.6% in the first quarter. CWM LLC now owns 200,375 shares of the restaurant operator's stock valued at $2,931,000 after acquiring an additional 36,954 shares during the last quarter. XTX Topco Ltd bought a new position in Wendy's in the first quarter valued at about $1,084,000. Finally, Sivia Capital Partners LLC bought a new position in Wendy's in the first quarter valued at about $326,000. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy's Trading Down 3.2%

Shares of WEN stock traded down $0.34 during mid-day trading on Tuesday, reaching $10.27. 5,396,376 shares of the stock traded hands, compared to its average volume of 6,538,495. The stock's fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $12.34. The Wendy's Company has a 1-year low of $9.74 and a 1-year high of $20.60. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.37. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly 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 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 analyst estimates of $558.95 million. During the same period last year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was down 1.7% on a year-over-year basis. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, research analysts anticipate that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy's's payout ratio is currently 58.33%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WEN shares. Stephens reiterated an "equal weight" rating on shares of Wendy's in a research report on Monday, August 11th. Citigroup upgraded Wendy's from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Stifel Nicolaus set a $12.00 target price on Wendy's in a research report on Friday, August 15th. Piper Sandler reiterated an "overweight" rating and issued a $13.00 target price on shares of Wendy's in a research report on Friday, August 8th. Finally, UBS Group reiterated a "neutral" rating and issued a $11.00 target price (down previously from $14.00) on shares of Wendy's in a research report on Wednesday, July 30th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.82.

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.