Entropy Technologies LP Increases Holdings in The Wendy’s Company (NASDAQ:WEN)

Entropy Technologies LP increased its position in The Wendy’s Company (NASDAQ:WEN) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,333 shares of the restaurant operator’s stock after acquiring an additional 5,903 shares during the period. Entropy Technologies LP’s holdings in Wendy’s were worth $1,375,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of Wendy’s by 1.6% during the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock worth $874,000 after buying an additional 810 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Wendy’s during the second quarter worth about $421,000. CWM LLC lifted its holdings in shares of Wendy’s by 254.6% in the third quarter. CWM LLC now owns 175,287 shares of the restaurant operator’s stock valued at $3,071,000 after purchasing an additional 125,851 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Wendy’s by 21.8% in the third quarter. Exchange Traded Concepts LLC now owns 42,941 shares of the restaurant operator’s stock valued at $752,000 after purchasing an additional 7,685 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new position in shares of Wendy’s during the 3rd quarter worth approximately $144,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WEN. TD Cowen upped their target price on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley restated an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Truist Financial boosted their target price 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. Stephens reaffirmed an “equal weight” rating and set a $19.00 price target on shares of Wendy’s in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus cut their price objective on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wendy’s has an average rating of “Hold” and an average target price of $19.65.

Wendy’s Price Performance

WEN stock opened at $14.34 on Tuesday. The company has a market cap of $2.92 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. 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 stock has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $17.19. The Wendy’s Company has a 12-month low of $13.98 and a 12-month high of $20.65.

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.