SunTrust Banks reissued their buy rating on shares of Wendys (NASDAQ:WEN) in a research note published on Wednesday morning, TipRanks reports.
A number of other research analysts have also recently issued reports on WEN. Wedbush reaffirmed a hold rating and issued a $20.00 price target on shares of Wendys in a report on Wednesday, May 8th. MKM Partners began coverage on Wendys in a report on Tuesday, August 13th. They issued a neutral rating and a $20.00 price target for the company. Credit Suisse Group began coverage on Wendys in a report on Tuesday, June 25th. They issued a neutral rating and a $20.00 price target for the company. Evercore ISI set a $20.00 price target on Wendys and gave the company a hold rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets lifted their price target on Wendys from $19.00 to $21.00 and gave the company an outperform rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Wendys currently has an average rating of Buy and an average price target of $20.21.
Shares of NASDAQ WEN opened at $21.08 on Wednesday. The stock has a market cap of $4.86 billion, a PE ratio of 35.73, a PEG ratio of 2.29 and a beta of 0.72. The business has a fifty day moving average of $19.37 and a two-hundred day moving average of $18.55. Wendys has a 52-week low of $14.96 and a 52-week high of $21.42. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.96 and a current ratio of 1.97.
Wendys (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The company had revenue of $435.30 million during the quarter, compared to analysts’ expectations of $439.64 million. During the same period last year, the business earned $0.14 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts predict that Wendys will post 0.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.90%. Wendys’s dividend payout ratio is currently 67.80%.
In other news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.90, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the business’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 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. Insiders own 20.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc grew its position in shares of Wendys by 1.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 66,250 shares of the restaurant operator’s stock worth $1,172,000 after buying an additional 625 shares during the period. Advisory Services Network LLC grew its position in shares of Wendys by 65.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after buying an additional 849 shares during the period. Strs Ohio grew its position in shares of Wendys by 4.7% during the 2nd quarter. Strs Ohio now owns 20,492 shares of the restaurant operator’s stock worth $401,000 after buying an additional 913 shares during the period. Coastal Investment Advisors Inc. grew its position in shares of Wendys by 116.6% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after buying an additional 978 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Wendys by 9.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,322 shares of the restaurant operator’s stock worth $220,000 after buying an additional 1,074 shares during the period. Institutional investors own 77.69% of the company’s stock.
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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