Pallas Capital Advisors LLC Has $872,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

Pallas Capital Advisors LLC lessened its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 19.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,512 shares of the restaurant operator’s stock after selling 13,331 shares during the period. Pallas Capital Advisors LLC’s holdings in Wendy’s were worth $872,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Wendy’s in the second quarter valued at approximately $27,000. Quarry LP bought a new position in Wendy’s in the 2nd quarter valued at $30,000. GAMMA Investing LLC boosted its stake in Wendy’s by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Wendy’s during the third quarter worth $49,000. Finally, Signaturefd LLC increased its stake in shares of Wendy’s by 39.6% in the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,046 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WEN has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of Wendy’s in a research report on Friday, November 1st. Stifel Nicolaus decreased their price objective on Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday. Finally, UBS Group dropped their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.04.

Wendy’s Price Performance

WEN opened at $15.01 on Tuesday. The stock has a market cap of $3.06 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.38 and a beta of 0.78. The Wendy’s Company has a 12 month low of $14.73 and a 12 month high of $20.65. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The company has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $17.49.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The company had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.50 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was Monday, December 2nd. Wendy’s’s dividend payout ratio (DPR) is presently 105.26%.

Wendy’s Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.