Connor Clark & Lunn Investment Management Ltd. Purchases 1,116,979 Shares of The Wendy's Company $WEN

Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in The Wendy's Company (NASDAQ:WEN) by 6,474.9% in Q2, acquiring 1,116,979 shares, bringing its total to 1,134,230 shares valued at approximately $12.95 million. Institutional investors own 85.96% of Wendy's stock. The company reported Q3 earnings of $0.24 EPS, exceeding estimates, but revenue fell 3% year-over-year. Wendy's announced a quarterly dividend of $0.14 per share, with a yield of 6.3%. Analyst ratings vary, with Goldman Sachs lowering its target price to $9.00 and others maintaining hold or overweight ratings.

Connor Clark & Lunn Investment Management Ltd. increased its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 6,474.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,134,230 shares of the restaurant operator's stock after purchasing an additional 1,116,979 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.59% of Wendy's worth $12,953,000 as of its most recent SEC filing.

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Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Wendy's by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 917 shares during the last quarter. Trivium Point Advisory LLC lifted its holdings in Wendy's by 7.9% in the first quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator's stock valued at $199,000 after buying an additional 1,002 shares during the period. Hantz Financial Services Inc. boosted its stake in Wendy's by 5.6% in the second quarter. Hantz Financial Services Inc. now owns 19,697 shares of the restaurant operator's stock valued at $225,000 after acquiring an additional 1,036 shares during the last quarter. Covestor Ltd boosted its position in shares of Wendy's by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator's stock worth $74,000 after purchasing an additional 1,038 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Wendy's by 17.6% during the second quarter. IFP Advisors Inc now owns 7,641 shares of the restaurant operator's stock worth $87,000 after buying an additional 1,144 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wendy's Stock Up 3.6%

WEN stock opened at $8.85 on Wednesday. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The stock has a market capitalization of $1.69 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.63 and a beta of 0.38. The Wendy's Company has a fifty-two week low of $8.39 and a fifty-two week high of $18.78. The business has a 50-day moving average of $9.20 and a 200-day moving average of $10.50.

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Wendy's (NASDAQ:WEN - Get Free Report) last announced its earnings results on Friday, November 7th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The business had revenue of $442.50 million for the quarter, compared to analyst estimates of $535.75 million. During the same quarter last year, the firm earned $0.25 EPS. Wendy's's revenue for the quarter was down 3.0% compared to the same quarter last year. Wendy's has set its FY 2025 guidance at 0.820-0.890 EPS. On average, sell-side analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, December 1st. This represents a $0.56 annualized dividend and a yield of 6.3%. Wendy's's dividend payout ratio is presently 59.57%.

Analyst Upgrades and Downgrades

Is McDonald's Stock a Smart Buy After Sell-Off and Earnings?

WEN has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Wendy's from $10.00 to $9.00 and set a "sell" rating for the company in a research note on Monday, October 20th. Cowen restated a "hold" rating on shares of Wendy's in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Wendy's in a research note on Wednesday, October 8th. Truist Financial set a $12.00 target price on Wendy's in a report on Tuesday, October 14th. Finally, Piper Sandler restated an "overweight" rating and issued a $13.00 price target on shares of Wendy's in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, Wendy's has a consensus rating of "Hold" and an average price target of $10.86.

Read Our Latest Stock Report on WEN

Wendy's Profile

(Free Report)

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.

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