Yousif Capital Management LLC Sells 936 Shares of The Wendy’s Company (NASDAQ:WEN)

Yousif Capital Management LLC lowered its position in The Wendy’s Company (NASDAQ:WEN) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,156 shares of the restaurant operator’s stock after selling 936 shares during the period. Yousif Capital Management LLC’s holdings in Wendy’s were worth $1,152,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Highlander Capital Management LLC boosted its stake in shares of Wendy’s by 250.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 1,000 shares during the last quarter. Signaturefd LLC grew its stake in shares of Wendy’s by 112.0% during the 3rd quarter. Signaturefd LLC now owns 1,444 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 763 shares during the period. Spire Wealth Management increased its holdings in Wendy’s by 203.2% in the 3rd quarter. Spire Wealth Management now owns 1,516 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,016 shares in the last quarter. Quantbot Technologies LP bought a new stake in Wendy’s during the 3rd quarter worth approximately $42,000. Finally, Fifth Third Bancorp lifted its holdings in Wendy’s by 58.0% during the fourth quarter. Fifth Third Bancorp now owns 2,352 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Analyst Ratings Changes

WEN has been the topic of several recent analyst reports. Piper Sandler raised their price objective on shares of Wendy’s from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen restated a “hold” rating and issued a $19.00 price objective on shares of Wendy’s in a research report on Friday. Gordon Haskett downgraded Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Tuesday, January 16th. UBS Group upped their target price on shares of Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Truist Financial decreased their price target on shares of Wendy’s from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. Fourteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.60.

Insider Activity at Wendy’s

In other news, Director Kenneth W. Gilbert sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the transaction, the director now owns 31,304 shares of the company’s stock, valued at $565,663.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.10% of the stock is currently owned by insiders.

Wendy’s Trading Up 0.1 %

Shares of WEN stock opened at $19.94 on Friday. The company has a market cap of $4.09 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.97 and a beta of 0.78. The company has a debt-to-equity ratio of 10.66, a current ratio of 2.19 and a quick ratio of 2.18. The stock’s 50 day simple moving average is $18.77 and its two-hundred day simple moving average is $19.04. The Wendy’s Company has a 1 year low of $17.64 and a 1 year high of $23.90.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $534.80 million for the quarter, compared to analyst estimates of $540.84 million. Wendy’s had a return on equity of 56.24% and a net margin of 9.37%. Wendy’s’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Research analysts predict that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.02%. Wendy’s’s dividend payout ratio is presently 102.04%.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.