18,740 Shares in The Wendy’s Company (NASDAQ:WEN) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC purchased a new stake in shares of The Wendy’s Company (NASDAQ:WEN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,740 shares of the restaurant operator’s stock, valued at approximately $305,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Wendy’s in the 2nd quarter valued at $421,000. Exchange Traded Concepts LLC grew its stake in shares of Wendy’s by 21.8% during the third quarter. Exchange Traded Concepts LLC now owns 42,941 shares of the restaurant operator’s stock valued at $752,000 after buying an additional 7,685 shares during the last quarter. Creative Planning increased its holdings in shares of Wendy’s by 3.7% in the third quarter. Creative Planning now owns 203,162 shares of the restaurant operator’s stock worth $3,559,000 after buying an additional 7,180 shares during the period. Probity Advisors Inc. lifted its stake in shares of Wendy’s by 6.5% in the 3rd 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 during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Wendy’s during the 3rd quarter valued at about $212,000. Institutional investors own 85.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WEN shares. Morgan Stanley reissued an “underweight” rating and set a $14.00 price objective (down previously from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Truist Financial increased their target price on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group reduced their price target on Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $20.00 price objective on shares of Wendy’s in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.65.

Wendy’s Stock Performance

Shares of WEN stock opened at $14.22 on Thursday. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The Wendy’s Company has a one year low of $13.98 and a one year high of $20.65. The company’s 50-day moving average is $15.67 and its 200 day moving average is $17.15.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.