Krilogy Financial LLC Takes $212,000 Position in The Wendy’s Company (NASDAQ:WEN)

Krilogy Financial LLC bought a new stake in The Wendy’s Company (NASDAQ:WEN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 13,003 shares of the restaurant operator’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MetLife Investment Management LLC boosted its stake in shares of Wendy’s by 0.6% in the 3rd quarter. MetLife Investment Management LLC now owns 92,132 shares of the restaurant operator’s stock valued at $1,614,000 after purchasing an additional 590 shares in the last quarter. Probity Advisors Inc. boosted its position in Wendy’s by 6.5% in the third quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 715 shares in the last quarter. Truist Financial Corp grew its stake in Wendy’s by 1.6% during the second quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock worth $874,000 after buying an additional 810 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Wendy’s by 21.2% during the third quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator’s stock worth $95,000 after buying an additional 949 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Wendy’s by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 46,945 shares of the restaurant operator’s stock worth $796,000 after buying an additional 953 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Wendy’s Trading Down 1.7 %

WEN opened at $14.60 on Monday. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.78. The firm has a 50 day simple moving average of $16.99 and a 200 day simple moving average of $17.44. The Wendy’s Company has a fifty-two week low of $14.57 and a fifty-two week high of $20.65.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.50 million. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. Wendy’s’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts anticipate that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Monday, December 2nd. Wendy’s’s dividend payout ratio (DPR) is 105.26%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WEN shares. Stifel Nicolaus reduced their target price on Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, January 10th. TD Cowen raised their target price on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Wendy’s in a report on Friday, November 1st. Stephens reissued an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their target price on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wendy’s has an average rating of “Hold” and a consensus target price of $19.99.

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.