Assenagon Asset Management S.A. Invests $781,000 in The Wendy’s Company $WEN

Assenagon Asset Management S.A. purchased a new stake in The Wendy’s Company (NASDAQ:WENFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 93,735 shares of the restaurant operator’s stock, valued at approximately $781,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WEN. Elevation Point Wealth Partners LLC bought a new position in Wendy’s during the 2nd quarter worth approximately $25,000. Investors Research Corp bought a new stake in Wendy’s in the third quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in Wendy’s by 19,693.8% in the third quarter. Versant Capital Management Inc now owns 3,167 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,151 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Wendy’s by 205.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 3,257 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,189 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Wendy’s by 35.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,041 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Wendy’s Stock Performance

Shares of WEN stock opened at $6.90 on Thursday. The Wendy’s Company has a 12 month low of $6.67 and a 12 month high of $14.87. The company’s fifty day simple moving average is $7.50 and its 200-day simple moving average is $8.26. The firm has a market cap of $1.31 billion, a PE ratio of 8.12, a P/E/G ratio of 1.95 and a beta of 0.38. The company has a quick ratio of 1.74, a current ratio of 1.76 and a debt-to-equity ratio of 28.77.

Wendy’s (NASDAQ:WENGet Free Report) last released its earnings results on Friday, February 13th. The restaurant operator reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $439.60 million during the quarter, compared to the consensus estimate of $537.11 million. Wendy’s had a net margin of 7.58% and a return on equity of 145.93%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Wendy’s has set its FY 2026 guidance at 0.560-0.600 EPS. Equities research analysts expect that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, March 2nd. Wendy’s’s dividend payout ratio is presently 65.88%.

More Wendy’s News

Here are the key news stories impacting Wendy’s this week:

Analyst Ratings Changes

A number of research firms have recently commented on WEN. Mizuho dropped their price target on Wendy’s from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Friday, January 9th. BMO Capital Markets decreased their price objective on Wendy’s from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Argus raised Wendy’s to a “hold” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Wendy’s in a report on Wednesday, January 21st. Finally, Truist Financial dropped their price objective on shares of Wendy’s from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

Read Our Latest Stock Report on WEN

Wendy’s Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Wendy’s Company (NASDAQ:WENFree Report).

Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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