The Wendy’s Company (NASDAQ:WEN) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in The Wendy’s Company (NASDAQ:WEN) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 152,549 shares of the restaurant operator’s stock after purchasing an additional 2,087 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Wendy’s were worth $2,673,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in Wendy’s in the second quarter worth approximately $27,000. Quarry LP acquired a new position in shares of Wendy’s in the 2nd quarter valued at $30,000. GAMMA Investing LLC grew its holdings in shares of Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares during the period. AM Squared Ltd acquired a new stake in shares of Wendy’s during the 3rd quarter worth about $49,000. Finally, Signaturefd LLC increased its position in shares of Wendy’s by 39.6% during the 3rd quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,046 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WEN. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Wendy’s in a research report on Friday, November 1st. UBS Group decreased their price objective on shares of Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets lifted their target price on shares of Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Citigroup upped their price target on Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Truist Financial lifted their price objective on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.04.

Wendy’s Price Performance

Wendy’s stock opened at $15.13 on Wednesday. The company has a market cap of $3.08 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. The Wendy’s Company has a one year low of $14.73 and a one year high of $20.65. The business has a fifty day moving average of $17.39 and a two-hundred day moving average of $17.49. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 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 firm had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts predict that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Monday, December 2nd. Wendy’s’s dividend payout ratio is currently 105.26%.

Wendy’s Company 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.