Amalgamated Bank Boosts Stock Holdings in The Wendy’s Company (NASDAQ:WEN)

Amalgamated Bank grew its position in shares of The Wendy’s Company (NASDAQ:WENFree Report) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,402 shares of the restaurant operator’s stock after purchasing an additional 7,277 shares during the period. Amalgamated Bank’s holdings in Wendy’s were worth $2,641,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Wendy’s by 16.1% during the second quarter. Janney Montgomery Scott LLC now owns 14,332 shares of the restaurant operator’s stock worth $312,000 after purchasing an additional 1,987 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Wendy’s in the third quarter valued at $4,287,000. Boothbay Fund Management LLC raised its stake in shares of Wendy’s by 179.6% in the second quarter. Boothbay Fund Management LLC now owns 544,653 shares of the restaurant operator’s stock valued at $11,846,000 after acquiring an additional 349,848 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Wendy’s by 3.3% in the second quarter. Linden Thomas Advisory Services LLC now owns 33,267 shares of the restaurant operator’s stock valued at $724,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Wendy’s by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,259,156 shares of the restaurant operator’s stock valued at $25,699,000 after acquiring an additional 107,383 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wendy’s Stock Performance

Shares of WEN stock opened at $19.32 on Monday. The stock’s 50-day moving average is $19.39 and its two-hundred day moving average is $19.71. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.51 and a beta of 0.83. The Wendy’s Company has a 1 year low of $18.19 and a 1 year high of $23.90. The company has a debt-to-equity ratio of 9.74, a quick ratio of 2.27 and a current ratio of 2.29.

Insiders Place Their Bets

In other Wendy’s news, Director Joseph A. Levato sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $19.18, for a total transaction of $383,600.00. Following the transaction, the director now owns 30,407 shares of the company’s stock, valued at $583,206.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 20.10% of the company’s stock.

Analysts Set New Price Targets

WEN has been the topic of several analyst reports. Citigroup reduced their price objective on Wendy’s from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Wendy’s in a research note on Thursday, October 19th. They issued a “hold” rating and a $20.00 price objective on the stock. Gordon Haskett cut Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Tuesday, January 16th. Wedbush dropped their target price on Wendy’s from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Finally, Barclays lowered Wendy’s from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $23.00 to $21.00 in a report on Wednesday, January 3rd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Wendy’s currently has a consensus rating of “Hold” and an average target price of $23.88.

Check Out Our Latest Stock Analysis on WEN

About Wendy’s

(Free Report)

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.

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Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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