Impact Capital Partners LLC Makes New $1.02 Million Investment in The Wendy’s Company (NASDAQ:WEN)

Impact Capital Partners LLC purchased a new position in The Wendy’s Company (NASDAQ:WEN) during the fourth quarter, HoldingsChannel reports. The firm purchased 62,444 shares of the restaurant operator’s stock, valued at approximately $1,018,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in Wendy’s by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Wendy’s during the fourth quarter valued at $30,000. GAMMA Investing LLC lifted its position in Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 1,400 shares in the last quarter. AM Squared Ltd purchased a new position in Wendy’s during the third quarter valued at $49,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of Wendy’s in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on Wendy’s from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price objective on shares of Wendy’s in a research report on Tuesday, March 4th. Morgan Stanley restated an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Finally, Argus raised Wendy’s to a “strong-buy” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.08.

Wendy’s Trading Down 1.4 %

WEN stock opened at $15.25 on Thursday. The Wendy’s Company has a 12 month low of $13.72 and a 12 month high of $20.65. The firm’s 50-day moving average is $15.01 and its 200 day moving average is $16.90. The company has a market capitalization of $3.06 billion, a PE ratio of 16.05, a P/E/G ratio of 2.00 and a beta of 0.73. 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) last announced its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $574.27 million during the quarter, compared to analyst estimates of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. On average, research analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.56%. The ex-dividend date is Monday, March 3rd. Wendy’s’s payout ratio is 105.26%.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.