Quinn Opportunity Partners LLC Grows Holdings in The Wendy’s Company $WEN

Quinn Opportunity Partners LLC increased its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 366.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,040 shares of the restaurant operator’s stock after acquiring an additional 198,040 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Wendy’s were worth $2,878,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in Wendy’s by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 3,375 shares during the period. Signaturefd LLC grew its position in shares of Wendy’s by 27.4% in the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 917 shares in the last quarter. Covestor Ltd raised its stake in shares of Wendy’s by 25.8% during the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 1,038 shares during the period. Allworth Financial LP lifted its holdings in Wendy’s by 366.9% during the 2nd quarter. Allworth Financial LP now owns 6,448 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 5,067 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Wendy’s by 22.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 1,303 shares during the period. Institutional investors own 85.96% of the company’s stock.

Wendy’s Trading Up 3.6%

NASDAQ:WEN opened at $8.85 on Wednesday. The business has a fifty day moving average price of $9.20 and a 200-day moving average price of $10.50. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The Wendy’s Company has a one year low of $8.39 and a one year high of $18.78.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Friday, November 7th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The company had revenue of $442.50 million for the quarter, compared to the consensus estimate of $535.75 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. Sell-side analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.56 dividend on an annualized basis and a yield of 6.3%. Wendy’s’s dividend payout ratio (DPR) is presently 59.57%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Wendy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Monday, October 20th. TD Cowen reduced their target price on Wendy’s from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Wendy’s in a report on Wednesday, October 8th. Evercore ISI dropped their target price on shares of Wendy’s from $12.00 to $11.00 and set an “in-line” rating for the company in a research report on Monday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target (down previously from $15.00) on shares of Wendy’s in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.86.

About Wendy’s

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.