Leonteq Securities AG raised its stake in The Wendy’s Company (NASDAQ:WEN – Free Report) by 112.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,532 shares of the restaurant operator’s stock after purchasing an additional 106,249 shares during the period. Leonteq Securities AG’s holdings in Wendy’s were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quinn Opportunity Partners LLC raised its holdings in Wendy’s by 382.8% in the third quarter. Quinn Opportunity Partners LLC now owns 1,216,811 shares of the restaurant operator’s stock valued at $11,146,000 after acquiring an additional 964,771 shares in the last quarter. Ruffer LLP acquired a new position in Wendy’s during the 4th quarter worth approximately $3,194,000. Assenagon Asset Management S.A. purchased a new stake in shares of Wendy’s in the 4th quarter valued at approximately $781,000. Legacy Capital Group California Inc. purchased a new stake in shares of Wendy’s in the 3rd quarter valued at approximately $631,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Wendy’s in the 4th quarter valued at approximately $83,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.
Wendy’s Stock Down 0.1%
Shares of NASDAQ:WEN opened at $8.59 on Friday. The firm has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $7.55. The Wendy’s Company has a twelve month low of $6.07 and a twelve month high of $12.00. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 29.25. The company has a market capitalization of $1.64 billion, a PE ratio of 11.01, a P/E/G ratio of 0.62 and a beta of 0.36.
Wendy’s Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, June 1st. Wendy’s’s dividend payout ratio is currently 71.79%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on WEN shares. KeyCorp reaffirmed a “sector weight” rating on shares of Wendy’s in a research report on Wednesday, June 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $6.00 target price (down from $7.00) on shares of Wendy’s in a report on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Wendy’s in a report on Wednesday, June 10th. Stifel Nicolaus set a $6.00 price objective on Wendy’s in a research report on Thursday, April 30th. Finally, Argus raised Wendy’s from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $8.56.
Read Our Latest Stock Report on WEN
Wendy’s Company Profile
The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.
Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.
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