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:WENFree Report) 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:WENGet Free Report) 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.

Read Our Latest Analysis on WEN

Wendy’s Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Wendy’s Company (NASDAQ:WENFree Report).

Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

Receive News & Ratings for Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.