Rhumbline Advisers Grows Stock Holdings in The Wendy's Company $WEN

Key Points

• Rhumbline Advisers increased its stake in The Wendy's Company by 20.1% in the first quarter, owning approximately 0.36% of the company valued at $10.25 million.
• Wendy's reported earnings of $0.29 per share for the most recent quarter, surpassing analysts' expectations of $0.25, despite a 1.7% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.14 per share, with a dividend yield of 5.7%, set to be paid on September 16.

Rhumbline Advisers grew its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 20.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700,472 shares of the restaurant operator's stock after buying an additional 117,324 shares during the period. Rhumbline Advisers owned approximately 0.36% of Wendy's worth $10,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mattson Financial Services LLC grew its stake in shares of Wendy's by 18.4% in the 1st quarter. Mattson Financial Services LLC now owns 59,937 shares of the restaurant operator's stock worth $877,000 after buying an additional 9,314 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Wendy's by 398.2% in the 1st quarter. Intech Investment Management LLC now owns 192,177 shares of the restaurant operator's stock worth $2,812,000 after buying an additional 153,604 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wendy's by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,085 shares of the restaurant operator's stock worth $9,350,000 after buying an additional 11,072 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Wendy's in the 1st quarter worth $161,000. Finally, Petrus Trust Company LTA purchased a new position in shares of Wendy's in the 1st quarter worth $373,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WEN has been the subject of a number of recent research reports. Wall Street Zen raised shares of Wendy's from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. UBS Group reissued a "neutral" rating and issued a $11.00 price objective (down from $14.00) on shares of Wendy's in a research note on Wednesday, July 30th. Truist Financial dropped their price objective on shares of Wendy's from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Morgan Stanley reaffirmed an "underweight" rating on shares of Wendy's in a research note on Friday, August 8th. Finally, TD Cowen dropped their price target on shares of Wendy's from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Wendy's has an average rating of "Hold" and an average target price of $12.97.

Wendy's Trading Down 1.7%

Shares of WEN stock traded down $0.17 during trading hours on Tuesday, reaching $9.51. 2,296,386 shares of the stock were exchanged, compared to its average volume of 5,978,801. The Wendy's Company has a 12-month low of $9.49 and a 12-month high of $20.60. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company's 50-day moving average price is $10.38 and its 200-day moving average price is $11.98. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.37.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $560.93 million during the quarter, compared to analysts' expectations of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. As a group, equities analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current year.

Wendy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy's's payout ratio is 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.