AM Squared Ltd Takes $49,000 Position in The Wendy’s Company (NASDAQ:WEN)

AM Squared Ltd acquired a new stake in The Wendy’s Company (NASDAQ:WEN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,800 shares of the restaurant operator’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC acquired a new position in shares of Wendy’s in the third quarter valued at approximately $258,000. Empowered Funds LLC boosted its holdings in Wendy’s by 62.5% in the third quarter. Empowered Funds LLC now owns 35,726 shares of the restaurant operator’s stock valued at $626,000 after acquiring an additional 13,747 shares during the last quarter. ING Groep NV bought a new stake in Wendy’s in the third quarter valued at approximately $1,034,000. Huntington National Bank boosted its holdings in Wendy’s by 11.9% in the third quarter. Huntington National Bank now owns 11,844 shares of the restaurant operator’s stock valued at $208,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Wendy’s in the third quarter valued at approximately $236,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Price Performance

Shares of NASDAQ:WEN opened at $18.12 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The stock’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $17.68. The Wendy’s Company has a 1-year low of $15.61 and a 1-year high of $20.65. The stock has a market cap of $3.69 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $560.50 million. During the same period last year, the business earned $0.27 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.52%. The ex-dividend date is Monday, December 2nd. Wendy’s’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

A number of research firms have issued reports on WEN. Stephens restated an “equal weight” rating and set a $19.00 price target on shares of Wendy’s in a report on Thursday, October 31st. Tigress Financial restated a “buy” rating and set a $29.00 price target on shares of Wendy’s in a report on Wednesday, September 4th. BMO Capital Markets increased their price target on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Truist Financial increased their price target on Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler cut their price target on Wendy’s from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.36.

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.