HB Wealth Management LLC Has $248,000 Stake in The Wendy’s Company (NASDAQ:WEN)

HB Wealth Management LLC boosted its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 63.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,922 shares of the restaurant operator’s stock after purchasing an additional 6,557 shares during the period. HB Wealth Management LLC’s holdings in Wendy’s were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Wendy’s by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,033,560 shares of the restaurant operator’s stock valued at $65,747,000 after buying an additional 43,805 shares during the last quarter. Janus Henderson Group PLC boosted its position in Wendy’s by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 3,133,832 shares of the restaurant operator’s stock valued at $51,081,000 after buying an additional 90,380 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Wendy’s by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock valued at $37,707,000 after buying an additional 142,500 shares during the last quarter. Invesco Ltd. boosted its position in Wendy’s by 296.1% in the 4th quarter. Invesco Ltd. now owns 1,882,829 shares of the restaurant operator’s stock valued at $30,690,000 after buying an additional 1,407,503 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Wendy’s by 24.3% in the 4th quarter. Northern Trust Corp now owns 1,575,420 shares of the restaurant operator’s stock valued at $25,679,000 after buying an additional 308,142 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy’s Stock Performance

WEN opened at $9.96 on Friday. The business’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $12.99. The Wendy’s Company has a 1 year low of $9.76 and a 1 year high of $20.60. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 2.02 and a beta of 0.31. The company has a debt-to-equity ratio of 24.88, a current ratio of 1.49 and a quick ratio of 1.47.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Wendy’s had a return on equity of 85.36% and a net margin of 8.57%. The firm had revenue of $523.47 million for the quarter, compared to the consensus estimate of $530.11 million. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts expect that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

WEN has been the topic of several recent research reports. Barclays reduced their price target on Wendy’s from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. UBS Group reissued a “neutral” rating and issued a $11.00 target price (down previously from $14.00) on shares of Wendy’s in a research note on Wednesday. Citigroup reissued a “neutral” rating and issued a $11.50 target price (down previously from $13.75) on shares of Wendy’s in a research note on Monday, July 28th. Loop Capital cut their target price on Wendy’s from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised Wendy’s from a “neutral” rating to an “overweight” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Wendy’s has a consensus rating of “Hold” and an average price target of $14.81.

Insider Activity

In other Wendy’s news, insider Abigail E. Pringle sold 136,819 shares of Wendy’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $12.81, for a total value of $1,752,651.39. Following the sale, the insider owned 203,005 shares of the company’s stock, valued at $2,600,494.05. This trade represents a 40.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Lindsay J. Radkoski bought 5,050 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $11.68 per share, for a total transaction of $58,984.00. Following the transaction, the chief marketing officer owned 28,956 shares of the company’s stock, valued at $338,206.08. The trade was a 21.12% increase in their position. The disclosure for this purchase can be found here. Company insiders own 17.00% of the company’s stock.

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.