Shufro Rose & Co. LLC Has $4.91 Million Stake in Wendys Co (WEN)

Shufro Rose & Co. LLC reduced its stake in Wendys Co (NASDAQ:WEN) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,793 shares of the restaurant operator’s stock after selling 11,740 shares during the period. Shufro Rose & Co. LLC’s holdings in Wendys were worth $4,910,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WEN. BlackRock Inc. boosted its stake in Wendys by 1.9% during the first quarter. BlackRock Inc. now owns 14,956,802 shares of the restaurant operator’s stock valued at $262,492,000 after buying an additional 274,386 shares during the period. Wells Fargo & Company MN boosted its stake in Wendys by 2.5% during the first quarter. Wells Fargo & Company MN now owns 8,759,247 shares of the restaurant operator’s stock valued at $153,725,000 after buying an additional 212,096 shares during the period. OppenheimerFunds Inc. boosted its stake in Wendys by 199.0% during the first quarter. OppenheimerFunds Inc. now owns 3,230,037 shares of the restaurant operator’s stock valued at $56,688,000 after buying an additional 2,149,630 shares during the period. Landscape Capital Management L.L.C. boosted its stake in Wendys by 242.6% during the first quarter. Landscape Capital Management L.L.C. now owns 1,356,126 shares of the restaurant operator’s stock valued at $23,800,000 after buying an additional 960,287 shares during the period. Finally, Cardinal Capital Management LLC CT boosted its stake in Wendys by 11.0% during the first quarter. Cardinal Capital Management LLC CT now owns 920,815 shares of the restaurant operator’s stock valued at $16,160,000 after buying an additional 90,961 shares during the period. 79.93% of the stock is owned by hedge funds and other institutional investors.

WEN has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Wendys from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Citigroup lifted their price objective on Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th. Argus dropped their price objective on Wendys from $19.00 to $16.34 and set a “buy” rating for the company in a research note on Thursday, May 17th. Zacks Investment Research raised Wendys from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research note on Thursday, May 10th. Finally, BidaskClub raised Wendys from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.05.

Shares of WEN stock opened at $16.71 on Monday. The company has a debt-to-equity ratio of 6.00, a current ratio of 1.77 and a quick ratio of 1.76. Wendys Co has a 12-month low of $13.57 and a 12-month high of $18.25. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.54 and a beta of 0.72.

Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Tuesday, May 8th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Wendys had a return on equity of 23.01% and a net margin of 14.55%. The firm had revenue of $380.56 million during the quarter. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. equities research analysts anticipate that Wendys Co will post 0.56 earnings per share for the current fiscal year.

In other news, Director Matthew H. Peltz sold 725,000 shares of Wendys stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $16.41, for a total value of $11,897,250.00. Following the transaction, the director now owns 33,281 shares in the company, valued at $546,141.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Edward P. Garden sold 764,000 shares of Wendys stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.53, for a total value of $12,628,920.00. Following the completion of the transaction, the insider now owns 240,365 shares in the company, valued at approximately $3,973,233.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,894,292 shares of company stock valued at $64,045,118. Corporate insiders own 23.10% of the company’s stock.

Wendys Profile

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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