Quantinno Capital Management LP Sells 185,276 Shares of The Wendy’s Company $WEN

Quantinno Capital Management LP lowered its stake in The Wendy’s Company (NASDAQ:WEN) by 19.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 766,397 shares of the restaurant operator’s stock after selling 185,276 shares during the quarter. Quantinno Capital Management LP’s holdings in Wendy’s were worth $5,326,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Wendy’s during the 1st quarter valued at about $26,062,000. Renaissance Technologies LLC boosted its position in Wendy’s by 2,612.4% during the first quarter. Renaissance Technologies LLC now owns 2,340,282 shares of the restaurant operator’s stock worth $16,265,000 after purchasing an additional 2,254,000 shares during the period. Bank of Nova Scotia boosted its position in Wendy’s by 20.6% during the first quarter. Bank of Nova Scotia now owns 229,402 shares of the restaurant operator’s stock worth $1,594,000 after purchasing an additional 39,258 shares during the period. Sei Investments Co. grew its holdings in Wendy’s by 48.4% during the first quarter. Sei Investments Co. now owns 218,643 shares of the restaurant operator’s stock valued at $1,520,000 after purchasing an additional 71,279 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Wendy’s during the first quarter valued at approximately $30,000. Institutional investors own 85.96% of the company’s stock.

Wall Street Analyst Weigh In

WEN has been the topic of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of Wendy’s in a research report on Wednesday, June 10th. Mizuho set a $6.00 target price on shares of Wendy’s in a research note on Friday, May 1st. Citigroup dropped their target price on shares of Wendy’s from $7.75 to $7.25 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Wendy’s currently has an average rating of “Reduce” and an average target price of $8.04.

Wendy’s Stock Performance

Shares of NASDAQ WEN opened at $7.39 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 29.25. The business’s 50 day moving average is $7.41 and its two-hundred day moving average is $7.41. The company has a market cap of $1.41 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.58 and a beta of 0.37. The Wendy’s Company has a 12 month low of $6.07 and a 12 month high of $10.84.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Friday, May 8th. The restaurant operator reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Wendy’s had a return on equity of 136.46% and a net margin of 6.77%.The company had revenue of $432.30 million during the quarter, compared to analyst estimates of $518.03 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that The Wendy’s Company will post 0.57 EPS for the current year.

Wendy’s Profile

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.