Laurion Capital Management LP bought a new stake in shares of Wendy’s Company (The) (NASDAQ:WEN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 253,655 shares of the restaurant operator’s stock, valued at approximately $3,934,000. Laurion Capital Management LP owned 0.10% of Wendy’s Company (The) as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Wendy’s Company (The) by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 692 shares during the period. Riverhead Capital Management LLC grew its position in shares of Wendy’s Company (The) by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after acquiring an additional 4,012 shares during the period. Elkfork Partners LLC grew its position in shares of Wendy’s Company (The) by 1.3% during the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock valued at $142,000 after acquiring an additional 132 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Wendy’s Company (The) during the 1st quarter valued at about $150,000. Finally, Sigma Planning Corp grew its position in shares of Wendy’s Company (The) by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 76.50% of the company’s stock.

Wendy’s Company (NASDAQ WEN) opened at 15.86 on Monday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 41.19 and a beta of 1.00. Wendy’s Company has a 1-year low of $10.47 and a 1-year high of $16.66. The firm has a 50-day moving average of $15.12 and a 200-day moving average of $14.92.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $320.34 million for the quarter. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts anticipate that Wendy’s Company will post $0.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.07 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.78%. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

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A number of equities research analysts have recently commented on the company. Royal Bank Of Canada restated a “hold” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a research report on Friday, August 11th. Bank of America Corporation restated a “neutral” rating and set a $17.00 target price on shares of Wendy’s Company (The) in a research report on Monday, August 14th. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, July 20th. UBS AG reaffirmed a “sell” rating and issued a $13.00 price target (up from $12.00) on shares of Wendy’s Company (The) in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.77.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

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

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