The Wendy’s Company (NASDAQ:WEN) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of The Wendy’s Company (NASDAQ:WEN) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,634 shares of the restaurant operator’s stock after purchasing an additional 897 shares during the quarter. Natixis Advisors LLC’s holdings in Wendy’s were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its holdings in shares of Wendy’s by 258.4% in the 4th quarter. Frank Rimerman Advisors LLC now owns 46,907 shares of the restaurant operator’s stock worth $765,000 after purchasing an additional 33,819 shares in the last quarter. Poinciana Advisors Group LLC acquired a new position in Wendy’s in the fourth quarter worth approximately $284,000. Impact Capital Partners LLC acquired a new position in Wendy’s in the fourth quarter worth approximately $1,018,000. Miller Financial Services LLC bought a new position in shares of Wendy’s in the fourth quarter valued at $229,000. Finally, AlphaQuest LLC lifted its position in shares of Wendy’s by 2,759.3% during the 4th quarter. AlphaQuest LLC now owns 120,578 shares of the restaurant operator’s stock valued at $1,965,000 after acquiring an additional 116,361 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and set a $15.00 target price on shares of Wendy’s in a research report on Thursday, March 6th. Wedbush reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Wendy’s in a research note on Friday, March 7th. Morgan Stanley reissued an “underweight” rating and issued a $14.00 target price (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Truist Financial reduced their price target on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Argus upgraded shares of Wendy’s to a “strong-buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.08.

Wendy’s Price Performance

NASDAQ WEN opened at $14.63 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The stock has a market capitalization of $2.93 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The Wendy’s Company has a 12-month low of $13.72 and a 12-month high of $20.65. The company has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $16.76.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. As a group, equities analysts predict that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend was Monday, March 3rd. Wendy’s’s payout ratio is 105.26%.

Wendy’s Company Profile

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.