Wendy’s (NASDAQ:WEN) Reaches New 52-Week Low – Time to Sell?

The Wendy’s Company (NASDAQ:WEN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.56 and last traded at $8.67, with a volume of 6544799 shares traded. The stock had previously closed at $8.71.

Wall Street Analyst Weigh In

WEN has been the subject of a number of recent analyst reports. Stephens reaffirmed an “equal weight” rating on shares of Wendy’s in a research report on Monday, August 11th. TD Cowen decreased their target price on Wendy’s from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, August 8th. Loop Capital decreased their target price on Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Cowen reissued a “hold” rating on shares of Wendy’s in a research report on Friday, August 8th. Finally, Wall Street Zen raised Wendy’s from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.48.

Wendy’s Stock Down 0.5%

The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74. The company has a market capitalization of $1.65 billion, a P/E ratio of 9.03, a PEG ratio of 1.64 and a beta of 0.38. The firm has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $11.14.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $560.93 million during the quarter, compared to analysts’ expectations of $558.95 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.Wendy’s’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. Equities research analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is 58.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WEN. Elevation Point Wealth Partners LLC bought a new position in Wendy’s in the second quarter worth $25,000. Investors Research Corp bought a new position in Wendy’s in the third quarter worth $27,000. Farther Finance Advisors LLC lifted its position in Wendy’s by 1,111.9% in the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,957 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Wendy’s by 35.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,041 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Wendy’s by 7,180.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 3,375 shares during the period. 85.96% of the stock is owned by institutional investors.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.