Balyasny Asset Management LLC increased its position in shares of Wendy’s Company (The) (NASDAQ:WEN) by 56.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,237,677 shares of the restaurant operator’s stock after buying an additional 447,100 shares during the period. Balyasny Asset Management LLC owned 0.51% of Wendy’s Company (The) worth $19,196,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wendy’s Company (The) by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares during the period. Riverhead Capital Management LLC increased its position in shares of Wendy’s Company (The) by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after buying an additional 4,012 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Wendy’s Company (The) during the 1st quarter worth approximately $150,000. Sigma Planning Corp raised its stake in shares of Wendy’s Company (The) by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after buying an additional 51 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Wendy’s Company (The) during the 1st quarter worth approximately $174,000. Institutional investors own 76.50% of the company’s stock.

A number of research analysts have recently issued reports on WEN shares. SunTrust Banks, Inc. reiterated a “buy” rating and set a $18.00 target price on shares of Wendy’s Company (The) in a research report on Monday. BidaskClub raised shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, July 20th. Royal Bank Of Canada restated a “hold” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research report on Friday, August 11th. Finally, Wedbush restated a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Wendy’s Company (The) currently has an average rating of “Hold” and an average price target of $15.77.

TRADEMARK VIOLATION NOTICE: “Wendy’s Company (The) (WEN) Position Increased by Balyasny Asset Management LLC” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/wendys-company-the-wen-position-increased-by-balyasny-asset-management-llc/1603006.html.

Shares of Wendy’s Company (NASDAQ:WEN) opened at 15.45 on Monday. The company has a 50 day moving average price of $15.12 and a 200 day moving average price of $14.96. The firm has a market cap of $3.76 billion, a PE ratio of 40.13 and a beta of 0.99. Wendy’s Company has a 12-month low of $10.47 and a 12-month high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The company had revenue of $320.34 million during the quarter. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue was down 16.3% on a year-over-year basis. On average, analysts forecast that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.07 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.80%. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

Wendy’s Company (The) Company Profile

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

Institutional Ownership by Quarter for Wendy`s Company (The) (NASDAQ:WEN)

Receive News & Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.