Nuveen Asset Management LLC lowered its position in Wendy’s Company (The) (NASDAQ:WEN) by 13.1% during the first quarter, Holdings Channel reports. The fund owned 131,286 shares of the restaurant operator’s stock after selling 19,824 shares during the period. Nuveen Asset Management LLC’s holdings in Wendy’s Company (The) were worth $1,787,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors LLC boosted its stake in shares of Wendy’s Company (The) by 131.2% in the first quarter. Piedmont Investment Advisors LLC now owns 74,233 shares of the restaurant operator’s stock worth $1,010,000 after buying an additional 42,121 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Wendy’s Company (The) by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,887,840 shares of the restaurant operator’s stock worth $25,694,000 after buying an additional 622,019 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Wendy’s Company (The) during the first quarter worth $1,241,000. Janus Capital Management LLC boosted its stake in shares of Wendy’s Company (The) by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after buying an additional 85,084 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Wendy’s Company (The) by 2.2% in the first quarter. HighTower Advisors LLC now owns 34,578 shares of the restaurant operator’s stock worth $473,000 after buying an additional 733 shares during the last quarter. Institutional investors and hedge funds own 77.35% of the company’s stock.

Wendy’s Company (WEN) opened at 15.64 on Monday. The firm’s 50-day moving average price is $15.79 and its 200-day moving average price is $14.33. Wendy’s Company has a 52 week low of $9.33 and a 52 week high of $16.66. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 31.72 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The company had revenue of $285.82 million during the quarter. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue was down 24.6% on a year-over-year basis. On average, equities analysts expect that Wendy’s Company will post $0.46 earnings per share for the current year.

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A number of brokerages have recently weighed in on WEN. Royal Bank Of Canada reiterated a “hold” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. BidaskClub cut Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Barclays PLC increased their price target on Wendy’s Company (The) from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 31st. Vetr cut Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 price target on the stock. in a research report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.93.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of Wendy’s Company (The) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.70% of the company’s stock.

About Wendy’s Company (The)

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.

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

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