13,003 Shares in The Wendy’s Company (NASDAQ:WEN) Acquired by Krilogy Financial LLC

Krilogy Financial LLC bought a new position in shares of The Wendy’s Company (NASDAQ:WEN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,003 shares of the restaurant operator’s stock, valued at approximately $212,000.

Several other institutional investors also recently modified their holdings of WEN. Strategic Investment Solutions Inc. IL bought a new position in shares of Wendy’s in the second quarter valued at $27,000. Quarry LP bought a new position in shares of Wendy’s in the second quarter valued at $30,000. GAMMA Investing LLC increased its holdings 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 valued at $36,000 after buying an additional 1,400 shares in the last quarter. AM Squared Ltd bought a new position in shares of Wendy’s in the third quarter valued at $49,000. Finally, Signaturefd LLC increased its holdings in shares of Wendy’s by 39.6% in the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,046 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WEN. BMO Capital Markets upped their price target on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Citigroup lifted their price objective on shares of Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Stephens reiterated an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a research report on Tuesday, November 19th. Wedbush reiterated a “neutral” rating and set a $20.00 price objective on shares of Wendy’s in a research report on Friday, November 1st. Finally, Truist Financial lifted their price objective on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.99.

Wendy’s Stock Down 1.7 %

WEN stock opened at $14.60 on Monday. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The Wendy’s Company has a 1 year low of $14.57 and a 1 year high of $20.65. The company has a fifty day simple moving average of $16.99 and a 200 day simple moving average of $17.44. The firm has a market cap of $2.98 billion, a PE ratio of 15.37, a PEG ratio of 2.01 and a beta of 0.78.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The business had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.50 million. During the same quarter in the previous year, the business earned $0.27 EPS. Wendy’s’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Monday, December 2nd. Wendy’s’s payout ratio is presently 105.26%.

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.