Nisa Investment Advisors LLC Trims Stock Position in The Wendy’s Company (NASDAQ:WEN)

Nisa Investment Advisors LLC decreased its stake in The Wendy’s Company (NASDAQ:WEN) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,865 shares of the restaurant operator’s stock after selling 14,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Wendy’s were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEN. MetLife Investment Management LLC boosted its stake in shares of Wendy’s by 0.6% during the 3rd quarter. MetLife Investment Management LLC now owns 92,132 shares of the restaurant operator’s stock worth $1,614,000 after acquiring an additional 590 shares in the last quarter. Probity Advisors Inc. raised its holdings in Wendy’s by 6.5% in the 3rd quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator’s stock worth $205,000 after purchasing an additional 715 shares during the period. Truist Financial Corp boosted its position in Wendy’s by 1.6% during the second quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock worth $874,000 after purchasing an additional 810 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Wendy’s by 21.2% in the third quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 949 shares during the period. Finally, Signaturefd LLC increased its position in shares of Wendy’s by 39.6% in the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,046 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy’s Trading Up 1.4 %

Shares of WEN opened at $14.82 on Thursday. The Wendy’s Company has a 12-month low of $13.98 and a 12-month high of $20.65. The firm has a market capitalization of $3.02 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.92 and a beta of 0.78. The firm has a 50-day moving average price of $16.38 and a 200 day moving average price of $17.33. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. Sell-side analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WEN shares. UBS Group decreased their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective 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. Stephens reissued an “equal weight” rating and set a $19.00 target price on shares of Wendy’s in a research note on Tuesday, November 19th. Truist Financial raised their price target on shares of Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $14.00 price objective (down from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. Two equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wendy’s presently has an average rating of “Hold” and a consensus target price of $19.71.

Wendy’s Company Profile

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.