18,751 Shares in The Wendy’s Company $WEN Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in The Wendy’s Company (NASDAQ:WEN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,751 shares of the restaurant operator’s stock, valued at approximately $214,000.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of Wendy’s by 89.6% in the 1st quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock valued at $43,705,000 after purchasing an additional 1,411,912 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Wendy’s by 6,474.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,134,230 shares of the restaurant operator’s stock valued at $12,953,000 after purchasing an additional 1,116,979 shares during the last quarter. Nuveen LLC acquired a new position in Wendy’s in the first quarter valued at about $15,117,000. Vanguard Group Inc. grew its stake in Wendy’s by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock worth $316,509,000 after buying an additional 536,071 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Wendy’s by 7.4% during 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 buying an additional 464,444 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Northcoast Research cut shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 target price for the company. in a research note on Thursday, September 25th. Barclays cut their price objective on Wendy’s from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Royal Bank Of Canada decreased their target price on Wendy’s from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. TD Cowen cut their price target on Wendy’s from $11.00 to $9.00 and set a “hold” rating for the company in a report on Monday, November 10th. Finally, Citigroup upgraded shares of Wendy’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.86.

Wendy’s Stock Down 2.0%

NASDAQ WEN opened at $8.23 on Wednesday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The Wendy’s Company has a 52 week low of $8.15 and a 52 week high of $18.71. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a fifty day moving average of $9.04 and a 200-day moving average of $10.35.

Wendy’s (NASDAQ:WEN) last issued its quarterly 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 business had revenue of $442.50 million for the quarter, compared to analyst estimates of $535.75 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. On average, equities research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 6.8%. Wendy’s’s payout ratio is currently 59.57%.

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.