1,056,156 The Wendy’s Company $WEN Shares Purchased by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 496.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,268,927 shares of the restaurant operator’s stock after acquiring an additional 1,056,156 shares during the quarter. CenterBook Partners LP’s holdings in Wendy’s were worth $8,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Barnett & Company Inc. increased its holdings in Wendy’s by 10.7% in the 1st quarter. Barnett & Company Inc. now owns 16,600 shares of the restaurant operator’s stock worth $115,000 after buying an additional 1,600 shares in the last quarter. Covestor Ltd lifted its stake in Wendy’s by 21.7% during the 2nd quarter. Covestor Ltd now owns 9,643 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,720 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Wendy’s by 1.0% during the 1st quarter. New York State Teachers Retirement System now owns 204,348 shares of the restaurant operator’s stock valued at $1,420,000 after acquiring an additional 1,931 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Wendy’s by 23.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,580 shares of the restaurant operator’s stock valued at $88,000 after acquiring an additional 2,007 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Wendy’s in the second quarter worth approximately $27,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

Wendy’s Stock Performance

WEN stock traded up $0.21 during trading on Friday, reaching $8.15. The stock had a trading volume of 10,028,709 shares, compared to its average volume of 7,081,420. The firm has a market cap of $1.55 billion, a PE ratio of 15.98, a PEG ratio of 1.33 and a beta of 0.37. The company has a current ratio of 1.90, a quick ratio of 1.88 and a debt-to-equity ratio of 27.95. The stock’s 50 day moving average is $6.95 and its two-hundred day moving average is $7.36. The Wendy’s Company has a 52 week low of $5.94 and a 52 week high of $10.12.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, November 5th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Wendy’s had a return on equity of 115.31% and a net margin of 5.72%. The business had revenue of $435.62 million during the quarter, compared to the consensus estimate of $531.28 million. During the same period in the previous year, the company posted $0.24 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that The Wendy’s Company will post 0.50 earnings per share for the current year.

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, December 1st. Wendy’s’s payout ratio is 42.42%.

Analyst Ratings Changes

Several research firms have recently weighed in on WEN. Guggenheim reissued a “neutral” rating on shares of Wendy’s in a report on Tuesday, September 15th. Citigroup raised their target price on shares of Wendy’s from $6.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday. KeyCorp restated a “sector weight” rating on shares of Wendy’s in a report on Tuesday, August 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Wendy’s in a research report on Friday. Finally, Argus lowered shares of Wendy’s from a “buy” rating to a “sell” rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $7.56.

Key Stories Impacting Wendy’s

Here are the key news stories impacting Wendy’s this week:

• Positive Sentiment: Wendy’s reported third-quarter adjusted earnings of $0.13 per share, above analysts’ estimates, and launched its multi-year “Dave’s Way” plan to improve traffic, market share and restaurant profitability. Quarterly results and strategy
• Positive Sentiment: The company is refreshing its menu for 2027 and tailoring breakfast offerings by location after tests found that scaling back breakfast in some locations improved profitability. These moves could help the turnaround if they attract customers and lift margins. Menu refresh
• Positive Sentiment: Wendy’s is considering acquiring as many as 163 Meritage Hospitality Group restaurants, which could give it more control over locations and support its franchise portfolio strategy, though the deal is not final. Potential restaurant acquisition
• Neutral Sentiment: Citigroup and Stephens raised their price targets to $8, while keeping neutral and equal-weight ratings, respectively. Both targets are slightly below the cited share price, suggesting limited near-term upside in their views.
• Negative Sentiment: Despite the earnings beat, quarterly earnings were below the year-ago level and revenue declined year over year, underscoring the traffic and sales challenges the turnaround must address.
• Negative Sentiment: The board rejected Trian’s $7.35-per-share buyout proposal as undervaluing Wendy’s and adopted a limited-duration “poison pill.” The offer was below the cited recent share price, but blocking it leaves investors reliant on management’s turnaround and may prolong activist-related uncertainty. Buyout proposal rejection

About Wendy’s

The Wendy’s Company (NASDAQ: WEN) operates and franchises quick-service restaurants under the Wendy’s brand. Its restaurants are known for hamburgers made with fresh, never-frozen beef, along with chicken sandwiches, salads, fries, breakfast items, desserts, and beverages.

Founded by Dave Thomas in 1969, Wendy’s has grown into an international restaurant chain with locations primarily in the United States and Canada, as well as select markets in other countries. The company’s restaurant system includes both company-operated and franchised locations.

In addition to its restaurant operations, Wendy’s supports customers through digital ordering, delivery, loyalty programs, and mobile applications.