EntryPoint Capital LLC Invests $363,000 in The Wendy’s Company (NASDAQ:WEN)

EntryPoint Capital LLC bought a new stake in shares of The Wendy’s Company (NASDAQ:WEN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,242 shares of the restaurant operator’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Wendy’s by 670.3% during the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Wendy’s in the fourth quarter worth $30,000. GAMMA Investing LLC raised its stake 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. Hillsdale Investment Management Inc. bought a new position in Wendy’s during the fourth quarter valued at $46,000. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of Wendy’s by 46.4% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after buying an additional 985 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $17.00 price target (down previously from $20.00) on shares of Wendy’s in a report on Wednesday, February 26th. Argus raised Wendy’s to a “strong-buy” rating in a research note on Tuesday, February 18th. Truist Financial cut their target price on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley restated an “underweight” rating and issued a $14.00 price target (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.08.

Wendy’s Stock Up 1.3 %

Shares of NASDAQ WEN opened at $14.74 on Thursday. The Wendy’s Company has a 12-month low of $13.72 and a 12-month high of $20.65. The stock’s fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $16.79. The stock has a market capitalization of $2.96 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. As a group, analysts expect that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.78%. Wendy’s’s payout ratio is 105.26%.

Wendy’s Company Profile

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.