14,737 Shares in The Wendy’s Company (NASDAQ:WEN) Purchased by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in The Wendy’s Company (NASDAQ:WEN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,737 shares of the restaurant operator’s stock, valued at approximately $258,000.

A number of other institutional investors also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new position in Wendy’s in the second quarter valued at about $27,000. Quarry LP purchased a new position in shares of Wendy’s during the second quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Wendy’s in the 2nd quarter worth $33,000. Abich Financial Wealth Management LLC bought a new stake in shares of Wendy’s in the 1st quarter valued at about $44,000. Finally, Signaturefd LLC lifted its stake in shares of Wendy’s by 94.7% during the second quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator’s stock worth $45,000 after buying an additional 1,286 shares during the period. 85.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WEN has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on Wendy’s from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Wolfe Research upgraded Wendy’s to a “strong-buy” rating in a research note on Friday, September 13th. Truist Financial increased their price target on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, BMO Capital Markets increased their target price on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.36.

Wendy’s Trading Up 0.8 %

WEN opened at $18.53 on Friday. The firm’s fifty day simple moving average is $18.64 and its 200 day simple moving average is $17.61. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The Wendy’s Company has a 12 month low of $15.61 and a 12 month high of $20.65. The stock has a market capitalization of $3.78 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.59 and a beta of 0.79.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $566.70 million for the quarter, compared to analyst estimates 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 was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Monday, December 2nd. Wendy’s’s payout ratio is 105.26%.

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.