Allspring Global Investments Holdings LLC Grows Stock Position in The Wendy’s Company $WEN

Allspring Global Investments Holdings LLC boosted its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 631,500 shares of the restaurant operator’s stock after buying an additional 6,869 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Wendy’s were worth $7,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Wendy’s by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,957 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Wendy’s by 7,180.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 3,375 shares during the period. Signaturefd LLC raised its holdings in Wendy’s by 25.2% during the 2nd quarter. Signaturefd LLC now owns 5,336 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 1,074 shares during the period. GAMMA Investing LLC increased its stake in Wendy’s by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,033 shares during the period. Finally, Covestor Ltd increased its stake in Wendy’s by 25.8% in the first quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 1,038 shares during the period. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WEN shares. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 target price (down previously from $15.00) on shares of Wendy’s in a research note on Friday, August 8th. Northcoast Research lowered Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research note on Thursday, September 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Wendy’s in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Wendy’s in a research note on Friday, August 8th. Finally, Loop Capital reduced 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.43.

Wendy’s Stock Performance

Shares of Wendy’s stock opened at $8.88 on Monday. The firm has a market cap of $1.69 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.68 and a beta of 0.38. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The Wendy’s Company has a 12 month low of $8.55 and a 12 month high of $20.60. The stock’s fifty day moving average price is $9.74 and its 200-day moving average price is $10.99.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. On average, equities research analysts expect that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 annualized dividend and a dividend yield of 6.3%. Wendy’s’s dividend payout ratio (DPR) is currently 58.33%.

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.