Prasad Wealth Partners LLC Buys Shares of 39,573 The Wendy’s Company (NASDAQ:WEN)

Prasad Wealth Partners LLC bought a new stake in The Wendy’s Company (NASDAQ:WEN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,573 shares of the restaurant operator’s stock, valued at approximately $645,000.

Several other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Wendy’s by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 1,220 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 1,400 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Wendy’s during the third quarter worth $49,000. Bartlett & CO. Wealth Management LLC increased its position in shares of Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 985 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Wendy’s by 39.6% during the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Truist Financial decreased their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Stephens reissued an “equal weight” rating and set a $15.00 target price on shares of Wendy’s in a report on Thursday, February 13th. Finally, Barclays decreased their price target on shares of Wendy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.73.

Wendy’s Stock Up 4.8 %

Shares of WEN opened at $15.94 on Tuesday. The firm has a 50 day simple moving average of $15.30 and a two-hundred day simple moving average of $17.04. The company has a market cap of $3.25 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.00 and a beta of 0.77. The Wendy’s Company has a one year low of $13.72 and a one year high of $20.65. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.27%. Wendy’s’s payout ratio is currently 105.26%.

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.