Capital Performance Advisors LLP Invests $220,000 in The Wendy’s Company (NASDAQ:WEN)

Capital Performance Advisors LLP purchased a new stake in shares of The Wendy’s Company (NASDAQ:WEN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,565 shares of the restaurant operator’s stock, valued at approximately $220,000.

Several other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of Wendy’s by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 48,893 shares of the restaurant operator’s stock worth $829,000 after buying an additional 711 shares during the last quarter. Probity Advisors Inc. boosted its holdings in Wendy’s by 6.5% in the third quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator’s stock valued at $205,000 after acquiring an additional 715 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Wendy’s by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,170 shares of the restaurant operator’s stock valued at $286,000 after purchasing an additional 801 shares during the period. Truist Financial Corp raised its holdings in Wendy’s by 1.6% in the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock worth $874,000 after purchasing an additional 810 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Wendy’s by 21.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator’s stock worth $95,000 after purchasing an additional 949 shares during the period. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Analyst Upgrades and Downgrades

WEN has been the subject of several research analyst reports. Piper Sandler lowered their price objective on shares of Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. TD Cowen raised their target price on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Citigroup upped their price target on Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Tigress Financial reiterated a “buy” rating and issued a $29.00 price objective on shares of Wendy’s in a report on Wednesday, September 4th. Finally, Wolfe Research upgraded shares of Wendy’s to a “strong-buy” rating in a report on Friday, September 13th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.36.

Wendy’s Stock Performance

Shares of Wendy’s stock traded down $0.05 during trading on Friday, hitting $19.84. 256,057 shares of the company’s stock traded hands, compared to its average volume of 3,504,041. The Wendy’s Company has a 1 year low of $15.61 and a 1 year high of $20.65. The business has a 50-day simple moving average of $18.28 and a 200-day simple moving average of $17.75. The stock has a market capitalization of $4.04 billion, a P/E ratio of 20.94, a PEG ratio of 2.75 and a beta of 0.79. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08.

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

Wendy’s Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.04%. Wendy’s’s dividend payout ratio is presently 105.26%.

Wendy’s Profile

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.