12,565 Shares in The Wendy’s Company (NASDAQ:WEN) Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new stake in shares of The Wendy’s Company (NASDAQ:WEN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,565 shares of the restaurant operator’s stock, valued at approximately $220,000.

Several other institutional investors have also added to or reduced their stakes in WEN. Strategic Investment Solutions Inc. IL bought a new stake in Wendy’s during the second quarter valued at about $27,000. Quarry LP purchased a new position in shares of Wendy’s during the second quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in shares of Wendy’s in the second quarter worth about $33,000. Bessemer Group Inc. lifted its position in shares of Wendy’s by 483.2% in the first quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,551 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Wendy’s during the first quarter valued at approximately $44,000. 85.96% of the stock is currently owned by institutional investors.

Wendy’s Trading Down 0.3 %

Shares of NASDAQ WEN traded down $0.05 during trading hours on Friday, reaching $19.84. The stock had a trading volume of 256,057 shares, compared to its average volume of 3,504,041. The business’s fifty day moving average price is $18.28 and its two-hundred day moving average price is $17.75. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 2.75 and a beta of 0.79. The Wendy’s Company has a 52-week low of $15.61 and a 52-week high of $20.65. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Analysts expect 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 Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 5.04%. Wendy’s’s payout ratio is currently 105.26%.

Analyst Ratings Changes

Several analysts have recently issued reports on WEN shares. Wolfe Research raised Wendy’s to a “strong-buy” rating in a report on Friday, September 13th. Citigroup upped their price target on shares of Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Stifel Nicolaus reduced their target price on shares of Wendy’s from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Truist Financial lifted their target price on Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays decreased their price target on Wendy’s from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.36.

Wendy’s Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.