Signaturefd LLC Acquires 1,074 Shares of The Wendy’s Company $WEN

Signaturefd LLC increased its position in shares of The Wendy’s Company (NASDAQ:WEN) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,336 shares of the restaurant operator’s stock after acquiring an additional 1,074 shares during the quarter. Signaturefd LLC’s holdings in Wendy’s were worth $61,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WEN. FSM Wealth Advisors LLC increased its stake in Wendy’s by 5.5% during the 1st quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock valued at $237,000 after purchasing an additional 842 shares in the last quarter. Trivium Point Advisory LLC increased its stake in Wendy’s by 7.9% during the 1st quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 1,002 shares in the last quarter. Covestor Ltd increased its stake in Wendy’s by 25.8% during 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 in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Wendy’s by 22.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in Wendy’s by 6.6% during the 1st quarter. Park Avenue Securities LLC now owns 21,576 shares of the restaurant operator’s stock valued at $316,000 after purchasing an additional 1,328 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Wendy’s Trading Up 1.5%

NASDAQ WEN opened at $9.55 on Monday. The firm has a 50 day simple moving average of $9.96 and a 200-day simple moving average of $11.39. 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 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 $1.82 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.80 and a beta of 0.38.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business had revenue of $560.93 million during the quarter, compared to analyst estimates of $558.95 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.14 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.9%. Wendy’s’s payout ratio is currently 58.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WEN shares. Citigroup upgraded shares of Wendy’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Argus reiterated a “hold” rating on shares of Wendy’s in a research note on Tuesday, September 23rd. Bank of America lowered their price target on shares of Wendy’s from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Stifel Nicolaus set a $12.00 price target on shares of Wendy’s in a report on Friday, August 15th. Finally, TD Cowen decreased their price objective on shares of Wendy’s from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wendy’s presently has a consensus rating of “Hold” and an average price target of $12.66.

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.