15,380 Shares in The Wendy’s Company $WEN Bought by Cresset Asset Management LLC

Cresset Asset Management LLC bought a new stake in shares of The Wendy’s Company (NASDAQ:WEN) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,380 shares of the restaurant operator’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSM Wealth Advisors LLC increased its holdings in shares of Wendy’s by 5.5% during the 1st quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock worth $237,000 after purchasing an additional 842 shares during the period. Signaturefd LLC increased its stake in Wendy’s by 27.4% during the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 917 shares during the period. Trivium Point Advisory LLC raised its holdings in Wendy’s by 7.9% in the 1st quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 1,002 shares in the last quarter. Covestor Ltd lifted its position in shares of Wendy’s by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock worth $74,000 after acquiring an additional 1,038 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Wendy’s by 22.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 1,303 shares during the period. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wendy’s Stock Down 2.4%

WEN opened at $10.27 on Wednesday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.98 and a beta of 0.31. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The firm’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $12.47. The Wendy’s Company has a twelve month low of $9.74 and a twelve month high of $20.60.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million during the quarter, compared to the consensus estimate of $558.95 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. Equities research analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.5%. Wendy’s’s dividend payout ratio is 58.33%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Loop Capital cut their target price on Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. TD Securities lowered their price target on shares of Wendy’s from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 2nd. Cowen restated a “hold” rating on shares of Wendy’s in a research note on Friday, August 8th. Piper Sandler reiterated an “overweight” rating and set a $13.00 target price on shares of Wendy’s in a research report on Friday, August 8th. Finally, Truist Financial lowered their target price on shares of Wendy’s from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Wendy’s presently has an average rating of “Hold” and an average target price of $13.76.

Insiders Place Their Bets

In other Wendy’s news, CMO Lindsay J. Radkoski purchased 5,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $11.68 per share, with a total value of $58,984.00. Following the acquisition, the chief marketing officer directly owned 28,956 shares of the company’s stock, valued at approximately $338,206.08. This trade represents a 21.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 17.00% of the stock is owned by corporate insiders.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.