Entropy Technologies LP Invests $1.37 Million in The Wendy’s Company (NASDAQ:WEN)

Entropy Technologies LP purchased a new stake in The Wendy’s Company (NASDAQ:WEN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,430 shares of the restaurant operator’s stock, valued at approximately $1,374,000.

A number of other institutional investors also recently modified their holdings of WEN. Strategic Investment Solutions Inc. IL bought a new stake in Wendy’s during the second quarter worth about $27,000. Quarry LP acquired a new position in Wendy’s during the second quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in Wendy’s during the second quarter worth approximately $33,000. Bessemer Group Inc. increased its position in Wendy’s by 483.2% during the first quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,551 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Wendy’s during the first quarter worth approximately $44,000. 85.96% of the stock is currently owned by institutional investors.

Wendy’s Price Performance

Shares of NASDAQ WEN opened at $18.42 on Thursday. The Wendy’s Company has a fifty-two week low of $15.61 and a fifty-two week high of $20.65. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.56 and a beta of 0.79. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10. The firm’s 50-day simple moving average is $18.44 and its 200 day simple moving average is $17.70.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The firm had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $560.50 million. During the same quarter last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.43%. Wendy’s’s dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wolfe Research raised Wendy’s to a “strong-buy” rating in a research report on Friday, September 13th. TD Cowen increased their price target on Wendy’s from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Piper Sandler cut their target price on Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets upped their target price on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Truist Financial increased their price target on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Wendy’s has an average rating of “Hold” and a consensus target price of $20.36.

About Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.