The Wendy’s Company $WEN Shares Sold by State of Wyoming

State of Wyoming trimmed its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 10.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,862 shares of the restaurant operator’s stock after selling 1,335 shares during the period. State of Wyoming’s holdings in Wendy’s were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Trexquant Investment LP raised its holdings in shares of Wendy’s by 3.1% during the first quarter. Trexquant Investment LP now owns 1,055,137 shares of the restaurant operator’s stock worth $15,437,000 after purchasing an additional 31,955 shares during the period. Ieq Capital LLC raised its holdings in shares of Wendy’s by 112.2% during the first quarter. Ieq Capital LLC now owns 569,891 shares of the restaurant operator’s stock worth $8,338,000 after purchasing an additional 301,360 shares during the period. Jump Financial LLC raised its holdings in shares of Wendy’s by 39.1% during the first quarter. Jump Financial LLC now owns 18,463 shares of the restaurant operator’s stock worth $270,000 after purchasing an additional 5,192 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Wendy’s by 345.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 54,189 shares of the restaurant operator’s stock worth $793,000 after purchasing an additional 42,023 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new stake in shares of Wendy’s during the first quarter worth $341,000. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy’s Stock Performance

NASDAQ:WEN opened at $10.33 on Friday. The Wendy’s Company has a twelve month low of $9.74 and a twelve month high of $20.60. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company has a 50-day moving average of $10.60 and a 200-day moving average of $12.26. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.37.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The company had revenue of $560.93 million during the quarter, compared to analyst estimates of $558.95 million. During the same quarter last year, the firm posted $0.27 EPS. The business’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. Analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.4%. Wendy’s’s dividend payout ratio is currently 58.33%.

Analyst Ratings Changes

WEN has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Wendy’s from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Stifel Nicolaus set a $12.00 price target on shares of Wendy’s in a research report on Friday, August 15th. Piper Sandler restated an “overweight” rating and set a $13.00 price target on shares of Wendy’s in a research report on Friday, August 8th. Bank of America lowered their price target on shares of Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Cowen restated a “hold” rating on shares of Wendy’s in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.97.

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.