Aspiriant LLC purchased a new position in shares of Wendys Co (NASDAQ:WEN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,196 shares of the restaurant operator’s stock, valued at approximately $1,148,000.
Several other institutional investors have also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in Wendys during the fourth quarter worth about $28,000. Clarfeld Financial Advisors LLC purchased a new stake in Wendys during the fourth quarter worth about $94,000. Valeo Financial Advisors LLC boosted its holdings in Wendys by 42.4% during the first quarter. Valeo Financial Advisors LLC now owns 9,829 shares of the restaurant operator’s stock worth $176,000 after buying an additional 2,929 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in Wendys during the first quarter worth about $182,000. Finally, OLD Mission Capital LLC purchased a new stake in Wendys during the fourth quarter worth about $164,000. Institutional investors and hedge funds own 78.28% of the company’s stock.
Shares of NASDAQ WEN opened at $18.85 on Friday. Wendys Co has a 12-month low of $14.96 and a 12-month high of $19.45. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. The company has a current ratio of 2.05, a quick ratio of 2.33 and a debt-to-equity ratio of 5.80.
Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The company had revenue of $408.60 million for the quarter, compared to the consensus estimate of $398.58 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Wendys Co will post 0.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, May 31st. Wendys’s dividend payout ratio (DPR) is presently 67.80%.
WEN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Wedbush reissued a “hold” rating and set a $20.00 price objective on shares of Wendys in a report on Wednesday. ValuEngine raised shares of Wendys from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Stephens boosted their price objective on shares of Wendys to $22.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Wendys from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.15.
In related news, insider Abigail E. Pringle sold 8,897 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total transaction of $154,362.95. Following the transaction, the insider now owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $17.11, for a total transaction of $51,330,000.00. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.
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The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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