Richardson Financial Services Inc. Has $61,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

Richardson Financial Services Inc. reduced its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,780 shares of the restaurant operator’s stock after selling 1,145 shares during the period. Richardson Financial Services Inc.’s holdings in Wendy’s were worth $61,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Wendy’s by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after buying an additional 1,220 shares in the last quarter. Quarry LP purchased a new position in Wendy’s during the 2nd quarter worth $30,000. GAMMA Investing LLC grew its stake in shares of Wendy’s by 168.1% in 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 in the last quarter. AM Squared Ltd purchased a new stake in shares of Wendy’s in the third quarter valued at about $49,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Wendy’s Price Performance

Wendy’s stock opened at $14.83 on Monday. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The Wendy’s Company has a one year low of $13.98 and a one year high of $20.65. The firm has a market capitalization of $3.02 billion, a P/E ratio of 15.61, a PEG ratio of 2.24 and a beta of 0.78. The business has a fifty day moving average price of $16.25 and a 200-day moving average price of $17.29.

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 analysts’ consensus estimates of $0.25. The firm had revenue of $566.70 million for the quarter, compared to the consensus estimate of $560.50 million. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, equities research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WEN shares. Stephens reaffirmed an “equal weight” rating and issued a $19.00 price objective on shares of Wendy’s in a research report on Tuesday, November 19th. BMO Capital Markets upped their target price on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Stifel Nicolaus cut 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, January 10th. Morgan Stanley restated an “underweight” rating and issued a $14.00 price objective (down previously from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. Finally, UBS Group lowered their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wendy’s currently has a consensus rating of “Hold” and an average target price of $19.71.

Wendy’s Profile

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.