Yousif Capital Management LLC Has $1.15 Million Stake in The Wendy’s Company (NASDAQ:WEN)

Yousif Capital Management LLC lowered its holdings in The Wendy’s Company (NASDAQ:WEN) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,156 shares of the restaurant operator’s stock after selling 936 shares during the quarter. Yousif Capital Management LLC’s holdings in Wendy’s were worth $1,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trian Fund Management L.P. raised its stake in shares of Wendy’s by 60.9% in the third quarter. Trian Fund Management L.P. now owns 33,350,743 shares of the restaurant operator’s stock worth $680,689,000 after purchasing an additional 12,618,115 shares during the last quarter. Vanguard Group Inc. raised its position in Wendy’s by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 20,248,412 shares of the restaurant operator’s stock valued at $413,270,000 after buying an additional 1,162,540 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Wendy’s by 1.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,270,722 shares of the restaurant operator’s stock valued at $107,575,000 after acquiring an additional 70,832 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Wendy’s by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,674,711 shares of the restaurant operator’s stock valued at $95,411,000 after acquiring an additional 17,319 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Wendy’s by 3.7% during the 3rd quarter. Royal Bank of Canada now owns 3,208,882 shares of the restaurant operator’s stock worth $65,492,000 after acquiring an additional 113,406 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kenneth W. Gilbert sold 4,500 shares of Wendy’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the completion of the sale, the director now owns 31,304 shares in the company, valued at approximately $565,663.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Wendy’s Trading Up 0.1 %

Shares of WEN opened at $19.94 on Friday. The Wendy’s Company has a twelve month low of $17.64 and a twelve month high of $23.90. The stock has a market cap of $4.09 billion, a PE ratio of 20.35, a P/E/G ratio of 1.97 and a beta of 0.78. The company has a quick ratio of 2.18, a current ratio of 2.19 and a debt-to-equity ratio of 10.66. The business’s 50-day moving average price is $18.77 and its 200-day moving average price is $19.04.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Wendy’s had a net margin of 9.37% and a return on equity of 56.24%. The business had revenue of $534.80 million for the quarter, compared to analyst estimates of $540.84 million. During the same quarter in the prior year, the firm posted $0.21 EPS. Wendy’s’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, June 3rd. Wendy’s’s payout ratio is 102.04%.

Analyst Ratings Changes

A number of research analysts recently weighed in on WEN shares. Royal Bank of Canada dropped their price target on shares of Wendy’s from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 20th. Wedbush boosted their target price on Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial decreased their price target on Wendy’s from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. BMO Capital Markets boosted their price objective on Wendy’s from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered Wendy’s from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $19.00 in a research report on Wednesday, February 21st. Fourteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.60.

About Wendy’s

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.