Sanctuary Advisors LLC Buys Shares of 24,841 The Wendy’s Company (NASDAQ:WEN)

Sanctuary Advisors LLC bought a new stake in shares of The Wendy’s Company (NASDAQ:WEN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,841 shares of the restaurant operator’s stock, valued at approximately $421,000.

Several other large investors have also made changes to their positions in WEN. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wendy’s in the 2nd quarter valued at approximately $27,000. Salomon & Ludwin LLC grew its stake in shares of Wendy’s by 378.0% in the 1st quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 1,240 shares in the last quarter. Quarry LP bought a new stake in shares of Wendy’s in the 2nd quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new stake in shares of Wendy’s in the 2nd quarter valued at approximately $33,000. Finally, Bessemer Group Inc. grew its stake in shares of Wendy’s by 483.2% in the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 1,551 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Insider Buying and Selling at Wendy’s

In other Wendy’s news, Director Matthew H. Peltz sold 1,000,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $17.18, for a total value of $17,180,000.00. Following the sale, the director now directly owns 14,943,466 shares in the company, valued at $256,728,745.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 17.10% of the company’s stock.

Wendy’s Stock Performance

Shares of NASDAQ WEN opened at $19.99 on Thursday. The business has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $17.63. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 12.01. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.32 and a beta of 0.80. The Wendy’s Company has a one year low of $15.61 and a one year high of $20.65.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The company had revenue of $570.73 million during the quarter, compared to the consensus estimate of $577.15 million. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that The Wendy’s Company will post 0.98 EPS for the current year.

Wendy’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Wendy’s’s dividend payout ratio (DPR) is 101.01%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WEN. Barclays reduced their target price on Wendy’s from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Piper Sandler reduced their target price on Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Loop Capital restated a “buy” rating and issued a $26.00 target price on shares of Wendy’s in a report on Monday, July 15th. Stephens restated an “equal weight” rating and issued a $19.00 target price on shares of Wendy’s in a report on Tuesday, October 8th. Finally, Stifel Nicolaus reduced their target price on Wendy’s from $20.00 to $19.00 and set a “hold” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.22.

Wendy’s Company 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.