Frank Rimerman Advisors LLC Raises Position in The Wendy’s Company (NASDAQ:WEN)

Frank Rimerman Advisors LLC raised its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 258.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,907 shares of the restaurant operator’s stock after acquiring an additional 33,819 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Wendy’s were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Wendy’s by 670.3% during the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 1,220 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Wendy’s during the 4th quarter worth $30,000. GAMMA Investing LLC boosted its stake in shares of Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 1,400 shares during the last quarter. AM Squared Ltd purchased a new position in shares of Wendy’s during the 3rd quarter worth $49,000. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in shares of Wendy’s by 46.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 985 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley restated an “underweight” rating and set a $14.00 target price (down previously from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. TD Securities restated a “hold” rating and set a $16.00 target price on shares of Wendy’s in a research note on Friday, March 7th. Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Wendy’s in a research note on Thursday, March 6th. UBS Group lifted their target price on shares of Wendy’s from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Finally, Wedbush restated a “neutral” rating and set a $16.00 target price on shares of Wendy’s in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Wendy’s has a consensus rating of “Hold” and a consensus target price of $18.08.

Wendy’s Stock Performance

Wendy’s stock opened at $15.35 on Friday. The company’s 50-day moving average price is $14.98 and its 200-day moving average price is $16.88. The Wendy’s Company has a twelve month low of $13.72 and a twelve month high of $20.65. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The company has a market cap of $3.08 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. The firm had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. On average, equities research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.51%. Wendy’s’s dividend payout ratio (DPR) is presently 105.26%.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.