The Wendy's Company $WEN Stock Holdings Increased by Rhumbline Advisers

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 increased its stake in The Wendy's Company (NASDAQ:WEN - Free Report) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,472 shares of the restaurant operator's stock after acquiring an additional 117,324 shares during the period. Rhumbline Advisers owned approximately 0.36% of Wendy's worth $10,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 1,957 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Wendy's by 7,180.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock worth $50,000 after purchasing an additional 3,375 shares in the last quarter. GAMMA Investing LLC grew its stake in Wendy's by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 2,033 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Wendy's by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 917 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Wendy's by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator's stock worth $74,000 after purchasing an additional 1,038 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

Wendy's Stock Performance

Wendy's stock opened at $9.83 on Thursday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.86 and a beta of 0.37. The stock has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $12.15. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The Wendy's Company has a 52-week low of $9.73 and a 52-week high of $20.60.

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

Wendy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.14 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 annualized dividend and a dividend yield of 5.7%. Wendy's's payout ratio is currently 58.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WEN shares. Morgan Stanley reissued an "underweight" rating on shares of Wendy's in a research report on Friday, August 8th. JPMorgan Chase & Co. raised their target price on Wendy's from $13.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Cowen reiterated a "hold" rating on shares of Wendy's in a report on Friday, August 8th. Piper Sandler reissued an "overweight" rating and issued a $13.00 price objective on shares of Wendy's in a research report on Friday, August 8th. Finally, UBS Group reiterated a "neutral" rating and set a $11.00 target price (down from $14.00) on shares of Wendy's in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.97.

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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