Chicago Partners Investment Group LLC Acquires 7,224 Shares of The Wendy’s Company $WEN

Chicago Partners Investment Group LLC lifted its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 56.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,068 shares of the restaurant operator’s stock after acquiring an additional 7,224 shares during the period. Chicago Partners Investment Group LLC’s holdings in Wendy’s were worth $227,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WEN. Northern Trust Corp lifted its holdings in shares of Wendy’s by 89.6% during the 1st quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock worth $43,705,000 after acquiring an additional 1,411,912 shares during the period. Nuveen LLC bought a new position in shares of Wendy’s during the 1st quarter worth about $15,117,000. Vanguard Group Inc. lifted its holdings in shares of Wendy’s by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock worth $316,509,000 after acquiring an additional 536,071 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wendy’s by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock worth $99,012,000 after acquiring an additional 464,444 shares during the period. Finally, Ieq Capital LLC lifted its holdings in Wendy’s by 112.2% during the 1st quarter. Ieq Capital LLC now owns 569,891 shares of the restaurant operator’s stock valued at $8,338,000 after purchasing an additional 301,360 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WEN has been the subject of several analyst reports. Loop Capital cut their price target on shares of Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Morgan Stanley set a $9.00 price target on shares of Wendy’s in a report on Tuesday. Northcoast Research downgraded shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 price target for the company. in a report on Thursday, September 25th. Stifel Nicolaus set a $12.00 price target on shares of Wendy’s in a report on Friday, August 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.63.

Wendy’s Trading Down 0.4%

Shares of NASDAQ WEN opened at $8.98 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company has a market cap of $1.71 billion, a PE ratio of 9.35, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a 50-day moving average of $9.61 and a two-hundred day moving average of $10.87. The Wendy’s Company has a 1-year low of $8.55 and a 1-year high of $20.60.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share 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 for the quarter, compared to analyst estimates of $558.95 million. During the same period in the prior year, the business posted $0.27 earnings per share. Wendy’s’s revenue 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. As a group, equities analysts expect that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.2%. The ex-dividend date was Tuesday, September 2nd. Wendy’s’s dividend payout ratio is currently 58.33%.

Wendy’s 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.