Entropy Technologies LP Raises Stock Holdings in The Wendy’s Company (NASDAQ:WEN)

Entropy Technologies LP grew its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 7.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 84,333 shares of the restaurant operator’s stock after purchasing an additional 5,903 shares during the quarter. Entropy Technologies LP’s holdings in Wendy’s were worth $1,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama increased its holdings in shares of Wendy’s by 16.9% during the third quarter. Retirement Systems of Alabama now owns 711,267 shares of the restaurant operator’s stock valued at $12,461,000 after purchasing an additional 102,769 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of Wendy’s during the 4th quarter valued at $357,000. Assenagon Asset Management S.A. purchased a new stake in shares of Wendy’s during the fourth quarter valued at $13,358,000. Quantinno Capital Management LP boosted its holdings in shares of Wendy’s by 90.8% in the third quarter. Quantinno Capital Management LP now owns 109,747 shares of the restaurant operator’s stock worth $1,923,000 after buying an additional 52,225 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Wendy’s in the 3rd quarter worth approximately $1,659,000. 85.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WEN shares. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of Wendy’s in a report on Friday, November 1st. Truist Financial increased their target price on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group lowered their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wendy’s currently has a consensus rating of “Hold” and an average price target of $19.65.

Wendy’s Price Performance

NASDAQ WEN opened at $14.34 on Tuesday. The company has a market cap of $2.92 billion, a P/E ratio of 15.09, a P/E/G ratio of 2.27 and a beta of 0.77. The Wendy’s Company has a 1 year low of $13.98 and a 1 year high of $20.65. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The company has a fifty day simple moving average of $15.82 and a 200 day simple moving average of $17.19.

Wendy’s Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.