15,045 Shares in The Wendy’s Company $WEN Acquired by waypoint wealth counsel

waypoint wealth counsel purchased a new position in The Wendy’s Company (NASDAQ:WEN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,045 shares of the restaurant operator’s stock, valued at approximately $172,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Wendy’s by 2.5% in the first quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock worth $316,509,000 after acquiring an additional 536,071 shares during the last quarter. AQR Capital Management LLC lifted its stake in Wendy’s by 2.1% in the first quarter. AQR Capital Management LLC now owns 10,638,169 shares of the restaurant operator’s stock worth $154,998,000 after acquiring an additional 217,055 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Wendy’s by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock worth $99,012,000 after acquiring an additional 464,444 shares during the last quarter. Northern Trust Corp lifted its stake in Wendy’s by 89.6% in the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock worth $43,705,000 after acquiring an additional 1,411,912 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Wendy’s by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock worth $37,707,000 after acquiring an additional 142,500 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Stock Performance

Shares of Wendy’s stock opened at $8.74 on Monday. The firm’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $11.19. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.64 and a beta of 0.38. The Wendy’s Company has a 12 month low of $8.63 and a 12 month high of $20.60. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $560.93 million for the quarter, compared to analysts’ expectations of $558.95 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. As a group, equities analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy’s’s payout ratio is presently 58.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WEN. Cowen reissued a “hold” rating on shares of Wendy’s in a report on Friday, August 8th. Bank of America cut their price objective on shares of Wendy’s from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 18th. UBS Group reissued a “neutral” rating and set a $11.00 price objective (down previously from $14.00) on shares of Wendy’s in a report on Wednesday, July 30th. Citigroup raised shares of Wendy’s from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.66.

Wendy’s Company 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.