Probity Advisors Inc. Raises Position in The Wendy’s Company $WEN

Probity Advisors Inc. grew its position in The Wendy’s Company (NASDAQ:WEN) by 32.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,537 shares of the restaurant operator’s stock after buying an additional 6,035 shares during the period. Probity Advisors Inc.’s holdings in Wendy’s were worth $280,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. FSM Wealth Advisors LLC raised its holdings in Wendy’s by 5.5% in the first quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock worth $237,000 after buying an additional 842 shares during the last quarter. Signaturefd LLC raised its holdings in Wendy’s by 27.4% in the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock worth $62,000 after buying an additional 917 shares during the last quarter. Trivium Point Advisory LLC raised its holdings in Wendy’s by 7.9% in the first quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator’s stock worth $199,000 after buying an additional 1,002 shares during the last quarter. Covestor Ltd raised its holdings in Wendy’s by 25.8% in the first quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock worth $74,000 after buying an additional 1,038 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Wendy’s by 17.6% in the second quarter. IFP Advisors Inc now owns 7,641 shares of the restaurant operator’s stock worth $87,000 after buying an additional 1,144 shares during the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on WEN shares. Stephens reaffirmed an “equal weight” rating on shares of Wendy’s in a report on Monday, August 11th. BTIG Research reissued a “neutral” rating on shares of Wendy’s in a report on Monday, September 15th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective (down from $15.00) on shares of Wendy’s in a report on Friday, August 8th. Argus reissued a “hold” rating on shares of Wendy’s in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus set a $12.00 price objective on shares of Wendy’s in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Wendy’s presently has an average rating of “Hold” and an average target price of $12.03.

Wendy’s Stock Up 4.5%

Shares of WEN stock opened at $9.33 on Wednesday. The Wendy’s Company has a 12 month low of $8.55 and a 12 month high of $20.60. The stock has a market cap of $1.78 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.69 and a beta of 0.38. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company has a 50 day simple moving average of $9.70 and a two-hundred day simple moving average of $10.95.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business had revenue of $560.93 million during the quarter, compared to analysts’ expectations of $558.95 million. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. On average, research analysts expect that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy’s’s dividend payout ratio is currently 58.33%.

About Wendy’s

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.