SG Americas Securities LLC Sells 76,034 Shares of The Wendy’s Company $WEN

SG Americas Securities LLC trimmed its stake in shares of The Wendy’s Company (NASDAQ:WENFree Report) by 60.3% in the first quarter, HoldingsChannel.com reports. The fund owned 50,001 shares of the restaurant operator’s stock after selling 76,034 shares during the quarter. SG Americas Securities LLC’s holdings in Wendy’s were worth $348,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WEN. Marshall Wace LLP bought a new position in shares of Wendy’s in the third quarter worth $36,912,000. AQR Capital Management LLC grew its stake in Wendy’s by 38.1% during the fourth quarter. AQR Capital Management LLC now owns 11,705,610 shares of the restaurant operator’s stock worth $97,508,000 after buying an additional 3,227,366 shares in the last quarter. Wells Fargo & Company MN grew its stake in Wendy’s by 258.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,224,648 shares of the restaurant operator’s stock worth $35,191,000 after buying an additional 3,046,517 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in Wendy’s by 382.8% during the third quarter. Quinn Opportunity Partners LLC now owns 1,216,811 shares of the restaurant operator’s stock worth $11,146,000 after buying an additional 964,771 shares in the last quarter. Finally, Barclays PLC increased its holdings in Wendy’s by 114.6% in the 4th quarter. Barclays PLC now owns 116,152 shares of the restaurant operator’s stock valued at $968,000 after buying an additional 909,122 shares during the period. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy’s Price Performance

Wendy’s stock opened at $7.59 on Friday. The stock has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $7.52. The Wendy’s Company has a 12 month low of $6.07 and a 12 month high of $12.00. The company has a market capitalization of $1.45 billion, a PE ratio of 9.73, a P/E/G ratio of 0.54 and a beta of 0.36. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 29.25.

Wendy’s (NASDAQ:WENGet Free Report) last released its quarterly earnings results on Friday, May 8th. The restaurant operator reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Wendy’s had a return on equity of 136.46% and a net margin of 6.77%.The company had revenue of $432.30 million for the quarter, compared to analysts’ expectations of $518.03 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Wendy’s has set its FY 2026 guidance at 0.560-0.600 EPS. Analysts expect that The Wendy’s Company will post 0.58 EPS for the current year.

Wendy’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, June 1st. Wendy’s’s dividend payout ratio is 71.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WEN. Argus upgraded shares of Wendy’s from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Wendy’s in a research report on Monday, April 20th. Mizuho set a $6.00 price objective on shares of Wendy’s in a research note on Friday, May 1st. Stifel Nicolaus set a $6.00 price objective on shares of Wendy’s in a research report on Thursday, April 30th. Finally, Stephens restated an “equal weight” rating and set a $8.00 target price on shares of Wendy’s in a research note on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $8.56.

Check Out Our Latest Analysis on Wendy’s

Key Stories Impacting Wendy’s

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Wendy’s Profile

(Free Report)

The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.

Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.

See Also

Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Wendy’s Company (NASDAQ:WENFree Report).

Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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