Texas Permanent School Fund decreased its position in Wendys Co (NASDAQ:WEN) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,788 shares of the restaurant operator’s stock after selling 10,512 shares during the quarter. Texas Permanent School Fund owned about 0.05% of Wendys worth $2,016,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in WEN. WFG Advisors LP increased its holdings in shares of Wendys by 50.2% during the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 2,344 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Wendys during the 4th quarter worth approximately $220,000. Budros Ruhlin & Roe Inc. bought a new position in shares of Wendys during the 3rd quarter worth approximately $253,000. GSA Capital Partners LLP increased its holdings in Wendys by 40.2% during the 2nd quarter. GSA Capital Partners LLP now owns 24,701 shares of the restaurant operator’s stock valued at $383,000 after purchasing an additional 7,086 shares in the last quarter. Finally, Commerce Bank acquired a new stake in Wendys during the 3rd quarter valued at $410,000. 77.25% of the stock is owned by institutional investors and hedge funds.
WEN has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $16.00 price objective on shares of Wendys in a research note on Tuesday, November 7th. BidaskClub lowered Wendys from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research lowered Wendys from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Morgan Stanley lifted their target price on Wendys from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 9th. Finally, Nomura decreased their target price on Wendys from $15.00 to $14.50 and set a “neutral” rating on the stock in a research report on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Wendys presently has an average rating of “Hold” and a consensus target price of $17.07.
Wendys (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Wendys had a return on equity of 20.35% and a net margin of 5.20%. analysts forecast that Wendys Co will post 0.44 earnings per share for the current fiscal year.
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.
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