SG Americas Securities LLC boosted its stake in Wendy’s (NASDAQ:WEN) by 51.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,296 shares of the restaurant operator’s stock after purchasing an additional 16,781 shares during the quarter. SG Americas Securities LLC’s holdings in Wendy’s were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WEN. Victory Capital Management Inc. raised its position in shares of Wendy’s by 26.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,122,035 shares of the restaurant operator’s stock valued at $116,944,000 after buying an additional 1,507,055 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Wendy’s by 70.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,794,882 shares of the restaurant operator’s stock valued at $45,892,000 after buying an additional 1,152,200 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Wendy’s by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,547,151 shares of the restaurant operator’s stock valued at $140,344,000 after buying an additional 587,113 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Wendy’s by 353.1% during the 4th quarter. Alliancebernstein L.P. now owns 507,309 shares of the restaurant operator’s stock valued at $8,330,000 after buying an additional 395,346 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Wendy’s during the 1st quarter valued at about $6,672,000. Institutional investors and hedge funds own 79.65% of the company’s stock.

In other Wendy’s news, Director Emil J. Brolick sold 540,540 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $17.14, for a total value of $9,264,855.60. Following the transaction, the director now directly owns 1,371,835 shares in the company, valued at approximately $23,513,251.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew H. Peltz sold 725,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $16.41, for a total transaction of $11,897,250.00. Following the completion of the sale, the director now directly owns 33,281 shares of the company’s stock, valued at approximately $546,141.21. The disclosure for this sale can be found here. Insiders sold a total of 4,434,832 shares of company stock worth $73,309,973 over the last 90 days. Insiders own 23.10% of the company’s stock.

Several brokerages have recently issued reports on WEN. BidaskClub cut shares of Wendy’s from a “hold” rating to a “sell” rating in a research report on Saturday, May 19th. Argus decreased their target price on shares of Wendy’s from $19.00 to $16.34 and set a “buy” rating on the stock in a research report on Thursday, May 17th. Zacks Investment Research upgraded shares of Wendy’s from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research report on Thursday, May 10th. Stifel Nicolaus upped their target price on shares of Wendy’s from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Finally, Oppenheimer assumed coverage on shares of Wendy’s in a report on Monday, March 19th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Wendy’s has a consensus rating of “Hold” and a consensus target price of $17.77.

Shares of Wendy’s opened at $16.44 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.76 and a current ratio of 1.77. The stock has a market cap of $3.93 billion, a P/E ratio of 38.23, a PEG ratio of 1.52 and a beta of 0.76. Wendy’s has a 12 month low of $13.57 and a 12 month high of $17.75.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Tuesday, May 8th. The restaurant operator reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The business had revenue of $380.56 million for the quarter. Wendy’s had a net margin of 14.55% and a return on equity of 23.01%. Wendy’s’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. equities analysts forecast that Wendy’s will post 0.56 EPS for the current year.

Wendy’s announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 15th that allows the company to repurchase $175.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.085 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.34 dividend on an annualized basis and a yield of 2.07%. Wendy’s’s dividend payout ratio is currently 79.07%.

About Wendy’s

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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

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