USA Financial Portformulas Corp boosted its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,331 shares of the restaurant operator’s stock after buying an additional 9,201 shares during the quarter. USA Financial Portformulas Corp’s holdings in Wendy’s Company (The) were worth $1,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WEN. WFG Advisors LP grew its position in Wendy’s Company (The) by 50.2% during the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 2,344 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Wendy’s Company (The) by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 692 shares during the period. Riverhead Capital Management LLC grew its position in Wendy’s Company (The) by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after buying an additional 4,012 shares during the period. Sigma Planning Corp grew its position in Wendy’s Company (The) by 0.5% during the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 51 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Wendy’s Company (The) during the first quarter valued at about $178,000. Institutional investors own 76.44% of the company’s stock.

Wendy’s Company (NASDAQ:WEN) traded up 0.999% during trading on Tuesday, hitting $15.675. The stock had a trading volume of 522,099 shares. The stock’s 50-day moving average is $15.19 and its 200-day moving average is $15.23. Wendy’s Company has a 52-week low of $10.51 and a 52-week high of $16.66. The stock has a market capitalization of $3.82 billion, a PE ratio of 40.714 and a beta of 0.99.

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. On average, analysts predict that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

In related news, insider E.J. Wunsch sold 3,548 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 26.50% of the company’s stock.

Several equities analysts recently weighed in on WEN shares. Royal Bank Of Canada restated a “hold” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, July 20th. Sanford C. Bernstein restated a “market perform” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a research report on Tuesday, July 25th. Wedbush restated a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday, August 9th. Finally, UBS AG restated a “sell” rating and set a $13.00 price target (up previously from $12.00) on shares of Wendy’s Company (The) in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.05.

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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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