Today: Olstein Capital Management L.P. invests in 155 by buying Wendy’s Co. (WEN) shares

Today: Olstein Capital Management L.P. invests in 155 by buying Wendy’s Co. (WEN) shares

Olstein Capital Management L.P. increased its stake in shares of Wendy’s Co. (NASDAQ:WEN) by 0.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 801,445 shares of the company’s stock after buying an additional 155 shares during the period. Olstein Capital Management L.P. owned 0.31% of Wendy’s worth $8,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RS Investment Management Co. LLC boosted its stake in Wendy’s by 87.2% in the second quarter. RS Investment Management Co. LLC now owns 3,276,030 shares of the company’s stock worth $31,515,000 after buying an additional 1,526,300 shares during the period. Fort Pitt Capital Group LLC boosted its stake in Wendy’s by 5.9% in the second quarter. Fort Pitt Capital Group LLC now owns 1,389,885 shares of the company’s stock worth $13,371,000 after buying an additional 77,157 shares during the period. Victory Capital Management Inc. boosted its stake in Wendy’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 43,587 shares of the company’s stock worth $419,000 after buying an additional 6,520 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Wendy’s during the second quarter worth approximately $137,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Wendy’s by 4,115.4% in the second quarter. BNP Paribas Arbitrage SA now owns 99,441 shares of the company’s stock worth $957,000 after buying an additional 97,082 shares in the last quarter. Institutional investors own 84.91% of the company’s stock.

Shares of Wendy’s Co. (NASDAQ:WEN) opened at 12.99 on Monday. The company has a 50 day moving average price of $11.26 and a 200 day moving average price of $10.40. Wendy’s Co. has a 12-month low of $8.89 and a 12-month high of $13.13. The stock has a market cap of $3.34 billion, a P/E ratio of 18.88 and a beta of 0.79.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Wednesday, November 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $364 million for the quarter, compared to analysts’ expectations of $350.35 million. Wendy’s had a return on equity of 16.62% and a net margin of 11.74%. Wendy’s’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Analysts anticipate that Wendy’s Co. will post $0.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Tuesday, November 29th. This is a boost from Wendy’s’s previous quarterly dividend of $0.06. Wendy’s’s dividend payout ratio is 35.29%.

WEN has been the topic of a number of recent research reports. Argus raised Wendy’s from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday. Vetr raised Wendy’s from a “sell” rating to a “buy” rating and set a $12.62 price objective on the stock in a research note on Wednesday, November 16th. RBC Capital Markets reissued a “sector perform” rating and set a $11.00 price objective on shares of Wendy’s in a research note on Friday, November 11th. JPMorgan Chase & Co. reissued a “hold” rating and set a $11.50 price objective on shares of Wendy’s in a research note on Thursday, November 10th. Finally, Citigroup Inc. reissued a “buy” rating and set a $13.00 price objective on shares of Wendy’s in a research note on Wednesday, October 5th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $12.05.

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