The Wendy’s Company $WEN Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its holdings in The Wendy’s Company (NASDAQ:WEN) by 20.3% during the second quarter, HoldingsChannel.com reports. The firm owned 66,811 shares of the restaurant operator’s stock after buying an additional 11,257 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Wendy’s were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WEN. Vanguard Group Inc. raised its position in shares of Wendy’s by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock valued at $316,509,000 after acquiring an additional 536,071 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Wendy’s by 2.1% during the 1st quarter. AQR Capital Management LLC now owns 10,638,169 shares of the restaurant operator’s stock valued at $154,998,000 after acquiring an additional 217,055 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Wendy’s by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock valued at $99,012,000 after acquiring an additional 464,444 shares in the last quarter. Northern Trust Corp raised its position in shares of Wendy’s by 89.6% during the 1st quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock valued at $43,705,000 after acquiring an additional 1,411,912 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Wendy’s by 5.9% during the 1st quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock valued at $37,707,000 after acquiring an additional 142,500 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WEN has been the topic of several research reports. Truist Financial set a $12.00 price target on Wendy’s in a research report on Tuesday, October 14th. Argus reissued a “hold” rating on shares of Wendy’s in a research report on Tuesday, September 23rd. Mizuho initiated coverage on Wendy’s in a research report on Monday. They set an “underperform” rating and a $8.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Wendy’s from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group dropped their price target on Wendy’s from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. 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 five have given a Sell rating to the stock. According to data from MarketBeat, Wendy’s presently has an average rating of “Hold” and a consensus target price of $11.45.

Wendy’s Price Performance

Shares of NASDAQ WEN opened at $8.73 on Wednesday. The Wendy’s Company has a 1-year low of $8.55 and a 1-year high of $20.60. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The business’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $10.80. The firm has a market capitalization of $1.66 billion, a PE ratio of 9.09, a P/E/G ratio of 1.69 and a beta of 0.38.

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

Wendy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.56 annualized dividend and a dividend yield of 6.4%. Wendy’s’s dividend payout ratio is presently 58.33%.

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.