The Wendy’s Company $WEN Holdings Decreased by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 19.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 766,397 shares of the restaurant operator’s stock after selling 185,276 shares during the period. Quantinno Capital Management LP owned approximately 0.40% of Wendy’s worth $5,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WEN. M&T Bank Corp grew its stake in Wendy’s by 8.4% during the 2nd quarter. M&T Bank Corp now owns 16,987 shares of the restaurant operator’s stock valued at $194,000 after acquiring an additional 1,310 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Wendy’s by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 91,885 shares of the restaurant operator’s stock worth $765,000 after purchasing an additional 1,321 shares in the last quarter. Brown Financial Advisors lifted its position in shares of Wendy’s by 4.7% in the second quarter. Brown Financial Advisors now owns 29,908 shares of the restaurant operator’s stock worth $342,000 after purchasing an additional 1,339 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Wendy’s by 3.4% during the third quarter. Bank of Nova Scotia now owns 40,993 shares of the restaurant operator’s stock worth $375,000 after purchasing an additional 1,343 shares during the period. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of Wendy’s by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 14,449 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 1,350 shares during the period. 85.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stifel Nicolaus set a $6.00 price objective on shares of Wendy’s in a research report on Thursday, April 30th. Citigroup cut their target price on shares of Wendy’s from $7.75 to $7.25 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a research note on Friday, July 17th. Stephens restated an “equal weight” rating and set a $8.00 price target on shares of Wendy’s in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.04.

Wendy’s Trading Down 7.5%

Shares of NASDAQ WEN opened at $7.39 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.58 and a beta of 0.37. The business has a 50 day simple moving average of $7.41 and a 200 day simple moving average of $7.41. The Wendy’s Company has a 52 week low of $6.07 and a 52 week high of $10.84. The company has a debt-to-equity ratio of 29.25, a quick ratio of 1.81 and a current ratio of 1.83.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Friday, May 8th. The restaurant operator reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $432.30 million for the quarter, compared to analyst estimates of $518.03 million. Wendy’s had a net margin of 6.77% and a return on equity of 136.46%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. On average, research analysts predict that The Wendy’s Company will post 0.57 earnings per share for the current fiscal year.

About Wendy’s

The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.

Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.