First Trust Advisors LP lifted its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,528 shares of the restaurant operator's stock after acquiring an additional 26,867 shares during the period. First Trust Advisors LP owned approximately 0.26% of Wendy's worth $8,566,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in WEN. Franklin Resources Inc. acquired a new position in Wendy's in the 3rd quarter worth $763,000. Retirement Systems of Alabama lifted its stake in shares of Wendy's by 16.9% in the third quarter. Retirement Systems of Alabama now owns 711,267 shares of the restaurant operator's stock worth $12,461,000 after acquiring an additional 102,769 shares in the last quarter. Copley Financial Group Inc. acquired a new position in shares of Wendy's in the third quarter worth about $451,000. GAMMA Investing LLC lifted its stake in shares of Wendy's by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Wendy's by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 152,549 shares of the restaurant operator's stock worth $2,673,000 after acquiring an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.
Wendy's Stock Performance
Shares of WEN stock opened at $12.80 on Tuesday. The Wendy's Company has a 12-month low of $12.05 and a 12-month high of $20.65. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The business has a 50 day simple moving average of $14.28 and a 200 day simple moving average of $16.04. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83.
Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million during the quarter, compared to analyst estimates of $564.17 million. On average, equities research analysts anticipate that The Wendy's Company will post 0.99 EPS for the current year.
Wendy's Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date was Monday, March 3rd. Wendy's's payout ratio is currently 105.26%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Wedbush reiterated a "neutral" rating and issued a $16.00 price target on shares of Wendy's in a research note on Friday, March 7th. Stephens reiterated an "equal weight" rating and issued a $15.00 price target on shares of Wendy's in a research note on Thursday, April 10th. Stifel Nicolaus cut their price target on Wendy's from $16.00 to $14.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Argus upgraded Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, Truist Financial cut their price objective on Wendy's from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.58.
Check Out Our Latest Report on Wendy's
Wendy's Profile
(
Free Report)
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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