Several hedge funds and institutional investors have adjusted their holdings in Wendys (WEN). AQR Capital Management increased its stake by 76.8% in Q2, now owning 6.81 million shares worth $115.56 million. Point72 Asset Management bought a new stake valued at around $42.09 million. Squarepoint Ops raised its position by 113.6%, owning 3.49 million shares worth $59.21 million. Vanguard Group increased its stake by 6.4%, now holding 21.10 million shares valued at $397.47 million. 85.96% of WEN shares are held by institutional investors.
Wendys Stock Performance
Wendys stock opened at $17.38 recently, with a 12-month range of $15.61 to $20.65. Key metrics include a current ratio of 2.17, a quick ratio of 2.15, and a debt-to-equity ratio of 12.01. The market cap is $3.57 billion, with a P/E ratio of 17.56.
Earnings Report
Wendys reported earnings on August 1, posting $0.27 EPS, slightly missing the expected $0.28. Revenue was $570.73 million, below the $577.15 million forecast, showing a year-over-year increase of 1.6%. Analysts expect 0.98 EPS for the current year.
Dividend Update
Wendy’s declared a quarterly dividend of $0.25, paid on September 17 to investors recorded on September 3. The dividend yields 5.75%, with a payout ratio of 101.01%.
Insider Trading
Director Matthew H. Peltz sold 1 million shares at $17.18 on August 8 for $17.18 million. He now holds about 14.94 million shares valued at $256.73 million. Insiders own 17.10% of the stock.
Analyst Ratings
Analysts have mixed views on Wendy’s stock. Morgan Stanley lowered its target from $20 to $19, maintaining a “hold” rating. Truist Financial decreased its target from $22 to $21, while JPMorgan raised theirs from $20 to $22. Overall, the consensus rating is “Hold” with an average target price of $20.24.
Company Overview
The Wendy’s Company operates quick-service restaurants in the U.S. and internationally, focusing on hamburger sandwiches.
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