The Wendy’s Company (NASDAQ:WEN) Stock Holdings Lowered by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC lowered its position in shares of The Wendy’s Company (NASDAQ:WEN) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,444 shares of the restaurant operator’s stock after selling 1,100 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Wendy’s were worth $1,703,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WEN. CWM LLC raised its holdings in shares of Wendy’s by 81.4% during the third quarter. CWM LLC now owns 8,538 shares of the restaurant operator’s stock valued at $174,000 after acquiring an additional 3,830 shares during the period. SG Americas Securities LLC acquired a new position in Wendy’s in the 3rd quarter valued at approximately $108,000. Private Trust Co. NA acquired a new position in Wendy’s in the 3rd quarter valued at approximately $43,000. My Legacy Advisors LLC increased its stake in Wendy’s by 13.5% in the 3rd quarter. My Legacy Advisors LLC now owns 17,750 shares of the restaurant operator’s stock valued at $342,000 after buying an additional 2,114 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Wendy’s by 2.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 86,969 shares of the restaurant operator’s stock valued at $1,775,000 after buying an additional 1,723 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wall Street Analyst Weigh In

WEN has been the topic of several research reports. Wedbush upped their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday. Gordon Haskett downgraded shares of Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Tuesday, January 16th. Stephens began coverage on shares of Wendy’s in a research report on Friday, April 12th. They issued an “equal weight” rating and a $20.00 target price for the company. TD Cowen reaffirmed a “hold” rating and set a $19.00 price objective on shares of Wendy’s in a report on Wednesday, April 10th. Finally, BMO Capital Markets decreased their price objective on shares of Wendy’s from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, February 16th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.53.

Wendy’s Price Performance

Shares of Wendy’s stock traded up $0.32 during mid-day trading on Friday, reaching $20.14. 6,176,392 shares of the stock were exchanged, compared to its average volume of 2,591,760. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.82. The company has a current ratio of 2.19, a quick ratio of 2.18 and a debt-to-equity ratio of 10.66. The firm has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $19.01. The Wendy’s Company has a fifty-two week low of $17.64 and a fifty-two week high of $23.90.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $540.65 million for the quarter, compared to analyst estimates of $546.47 million. Wendy’s had a return on equity of 56.24% and a net margin of 9.37%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. On average, sell-side analysts predict that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Thursday, February 29th. Wendy’s’s dividend payout ratio is currently 102.04%.

Insiders Place Their Bets

In other Wendy’s news, Director Kenneth W. Gilbert sold 4,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $18.07, for a total transaction of $81,315.00. Following the sale, the director now owns 31,304 shares of the company’s stock, valued at approximately $565,663.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.10% of the company’s stock.

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.