The Wendy's Company $WEN Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 82.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,636 shares of the restaurant operator's stock after acquiring an additional 32,792 shares during the quarter. Janney Montgomery Scott LLC's holdings in Wendy's were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WEN. Farther Finance Advisors LLC boosted its holdings in Wendy's by 1,111.9% in the 1st 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 period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Wendy's by 7,180.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock valued at $50,000 after buying an additional 3,375 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Wendy's by 27.4% during the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after buying an additional 917 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Wendy's by 91.0% during the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Wendy's by 25.8% during the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator's stock valued at $74,000 after acquiring an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WEN shares. UBS Group reaffirmed a "neutral" rating and issued a $11.00 target price (down from $14.00) on shares of Wendy's in a research report on Wednesday, July 30th. BTIG Research reaffirmed a "neutral" rating on shares of Wendy's in a research note on Monday, September 15th. Truist Financial set a $12.00 price target on Wendy's in a research report on Tuesday. Cowen reissued a "hold" rating on shares of Wendy's in a research note on Friday, August 8th. Finally, Stifel Nicolaus set a $12.00 price target on Wendy's in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Wendy's currently has an average rating of "Hold" and a consensus price target of $12.43.

Wendy's Price Performance

Wendy's stock opened at $8.92 on Wednesday. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The firm has a market cap of $1.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.63 and a beta of 0.38. The business's fifty day moving average is $9.81 and its two-hundred day moving average is $11.13. The Wendy's Company has a 52 week low of $8.55 and a 52 week high of $20.60.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $560.93 million during the quarter, compared to the consensus estimate of $558.95 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm's revenue was down 1.7% on a year-over-year basis. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy's's dividend payout ratio (DPR) is presently 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.

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