Entropy Technologies LP Invests $1.37 Million in The Wendy’s Company (NASDAQ:WEN)

Entropy Technologies LP purchased a new position in The Wendy’s Company (NASDAQ:WEN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,430 shares of the restaurant operator’s stock, valued at approximately $1,374,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its stake in Wendy’s by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 48,893 shares of the restaurant operator’s stock worth $829,000 after purchasing an additional 711 shares in the last quarter. Probity Advisors Inc. boosted its position in Wendy’s by 6.5% during the 3rd quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator’s stock worth $205,000 after acquiring an additional 715 shares during the period. Janney Montgomery Scott LLC boosted its position in Wendy’s by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,170 shares of the restaurant operator’s stock worth $286,000 after acquiring an additional 801 shares during the period. Truist Financial Corp boosted its position in Wendy’s by 1.6% during the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock worth $874,000 after acquiring an additional 810 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Wendy’s by 21.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator’s stock valued at $95,000 after buying an additional 949 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Analysts Set New Price Targets

WEN has been the subject of several analyst reports. Stifel Nicolaus reduced their target price on Wendy’s from $20.00 to $19.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Citigroup boosted their price objective on Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of Wendy’s in a research report on Friday, November 1st. BMO Capital Markets upped their price target on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Piper Sandler lowered their price target on Wendy’s from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.36.

Wendy’s Trading Up 0.2 %

Shares of WEN opened at $18.42 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The Wendy’s Company has a 12-month low of $15.61 and a 12-month high of $20.65. The firm has a market capitalization of $3.75 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.56 and a beta of 0.79. The stock’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $17.70.

Wendy’s (NASDAQ:WEN) last released its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $566.70 million for the quarter, compared to analyst estimates of $560.50 million. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, research analysts predict that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 5.43%. Wendy’s’s payout ratio is currently 105.26%.

Wendy’s 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.