A number of other brokerages have also commented on WEN. Stephens set a $22.00 price target on Wendys and gave the stock a buy rating in a report on Tuesday, September 10th. ValuEngine upgraded Wendys from a hold rating to a buy rating in a report on Tuesday, September 17th. Longbow Research set a $25.00 price target on Wendys and gave the stock a buy rating in a report on Friday, September 13th. BTIG Research lowered Wendys from a buy rating to a neutral rating in a report on Tuesday, September 10th. Finally, Piper Jaffray Companies set a $22.00 price target on Wendys and gave the stock a buy rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $21.00.
Shares of NASDAQ:WEN opened at $20.03 on Tuesday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.46 and a beta of 0.66. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67. Wendys has a 12-month low of $14.96 and a 12-month high of $22.84. The business’s 50 day moving average is $20.73 and its 200 day moving average is $19.13.
Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $435.30 million for the quarter, compared to analysts’ expectations of $439.64 million. Wendys had a return on equity of 23.16% and a net margin of 28.88%. Wendys’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts expect that Wendys will post 0.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Wendys’s payout ratio is 67.80%.
In other news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.90, for a total value of $9,452,500.00. Following the completion of the transaction, the insider now directly owns 5,444,270 shares in the company, valued at approximately $108,340,973. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew H. Peltz sold 2,000,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the transaction, the director now owns 5,444,270 shares of the company’s stock, valued at $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Coastal Capital Group Inc. bought a new position in shares of Wendys in the 2nd quarter worth approximately $30,000. Coastal Investment Advisors Inc. boosted its stake in Wendys by 116.6% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 978 shares during the last quarter. Advisory Services Network LLC boosted its stake in Wendys by 65.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 849 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Wendys during the 1st quarter valued at $58,000. Finally, Carroll Financial Associates Inc. boosted its stake in Wendys by 226.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 2,658 shares during the last quarter. 76.53% of the stock is owned by institutional investors.
Wendys Company Profile
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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