Park Avenue Securities LLC Sells 3,632 Shares of The Wendy’s Company $WEN

Park Avenue Securities LLC lessened its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 16.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,944 shares of the restaurant operator’s stock after selling 3,632 shares during the period. Park Avenue Securities LLC’s holdings in Wendy’s were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Wendy’s by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,957 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Wendy’s by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 3,375 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Wendy’s by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 2,033 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Wendy’s by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 917 shares in the last quarter. Finally, Covestor Ltd increased its stake 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 valued at $74,000 after purchasing an additional 1,038 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WEN. Bank of America dropped their price objective on Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Cowen restated a “hold” rating on shares of Wendy’s in a research note on Friday, August 8th. Stifel Nicolaus set a $12.00 price objective on shares of Wendy’s in a research report on Friday, August 15th. Finally, BTIG Research reissued a “neutral” rating on shares of Wendy’s in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Wendy’s has an average rating of “Hold” and a consensus price target of $12.66.

Wendy’s Price Performance

Wendy’s stock opened at $9.46 on Thursday. The stock’s 50 day moving average is $10.01 and its 200 day moving average is $11.53. The Wendy’s Company has a one year low of $9.01 and a one year high of $20.60. The firm has a market cap of $1.80 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

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

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 annualized dividend and a dividend yield of 5.9%. Wendy’s’s dividend payout ratio is presently 58.33%.

Wendy’s Company Profile

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.