The Wendy’s Company (NASDAQ:WEN) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its holdings in The Wendy’s Company (NASDAQ:WEN) by 862.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,143 shares of the restaurant operator’s stock after purchasing an additional 10,881 shares during the period. SRS Capital Advisors Inc.’s holdings in Wendy’s were worth $198,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. increased its holdings in shares of Wendy’s by 159.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator’s stock valued at $112,844,000 after acquiring an additional 3,959,480 shares during the last quarter. State Street Corp increased its holdings in shares of Wendy’s by 0.7% in the 3rd quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator’s stock valued at $90,887,000 after acquiring an additional 37,801 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Wendy’s by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator’s stock valued at $54,287,000 after acquiring an additional 115,875 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Wendy’s in the 4th quarter valued at approximately $13,358,000. Finally, Gradient Investments LLC increased its holdings in shares of Wendy’s by 11.6% in the 4th quarter. Gradient Investments LLC now owns 772,575 shares of the restaurant operator’s stock valued at $12,593,000 after acquiring an additional 80,055 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

Wendy’s Trading Down 0.1 %

NASDAQ:WEN opened at $14.92 on Wednesday. The Wendy’s Company has a 1 year low of $13.72 and a 1 year high of $20.65. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.00 and a beta of 0.77. The business has a fifty day moving average of $15.18 and a 200-day moving average of $16.98. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85.

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

Wendy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.70%. Wendy’s’s dividend payout ratio (DPR) is 105.26%.

Analysts Set New Price Targets

WEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $17.00 price target (down from $20.00) on shares of Wendy’s in a report on Wednesday, February 26th. Truist Financial lowered their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Argus upgraded Wendy’s to a “strong-buy” rating in a research note on Tuesday, February 18th. Barclays lowered their price objective on Wendy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Morgan Stanley restated 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, eleven have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.34.

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.