Allspring Global Investments Holdings LLC Buys 6,869 Shares of The Wendy’s Company $WEN

Allspring Global Investments Holdings LLC lifted its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 631,500 shares of the restaurant operator’s stock after acquiring an additional 6,869 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.33% of Wendy’s worth $7,502,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Wendy’s by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,957 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Wendy’s by 7,180.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 3,375 shares during the period. Signaturefd LLC grew its stake in shares of Wendy’s by 27.4% during the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 917 shares during the period. GAMMA Investing LLC grew its stake in shares of Wendy’s by 91.0% during the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 2,033 shares during the period. Finally, Covestor Ltd grew its stake in shares of Wendy’s by 25.8% during the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock valued at $74,000 after acquiring an additional 1,038 shares during the period. 85.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on WEN. Cowen restated a “hold” rating on shares of Wendy’s in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price target on Wendy’s from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Stephens restated an “equal weight” rating on shares of Wendy’s in a research note on Monday, August 11th. Argus restated a “hold” rating on shares of Wendy’s in a research note on Tuesday, September 23rd. Finally, Citigroup upgraded Wendy’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.43.

Wendy’s Price Performance

Shares of WEN opened at $8.88 on Monday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.68 and a beta of 0.38. The Wendy’s Company has a 1 year low of $8.55 and a 1 year high of $20.60. The business’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $10.99. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $560.93 million for the quarter, compared to analysts’ expectations of $558.95 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. As a group, equities analysts expect that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy’s’s dividend payout ratio is 58.33%.

Wendy’s 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.