BMO Capital Markets set a $21.00 target price on Wendys (NASDAQ:WEN) in a research report report published on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the restaurant operator’s stock.
Other analysts have also recently issued research reports about 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. Stephens set a $22.00 price objective on shares of Wendys and gave the company a buy rating in a research note on Tuesday. Goldman Sachs Group began coverage on shares of Wendys in a report on Monday, July 29th. They set a sell rating and a $17.50 price objective on the stock. BidaskClub cut shares of Wendys from a strong-buy rating to a buy rating in a research report on Wednesday. Finally, MKM Partners set a $20.00 target price on shares of Wendys and gave the company a hold rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $20.83.
Shares of Wendys stock traded down $0.09 during trading hours on Tuesday, reaching $19.62. 4,905,163 shares of the company’s stock were exchanged, compared to its average volume of 3,240,024. Wendys has a 52-week low of $14.96 and a 52-week high of $22.84. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66. The company has a fifty day moving average of $20.25 and a 200-day moving average of $18.92. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67.
Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $435.30 million during the quarter, compared to the consensus estimate of $439.64 million. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, equities research analysts anticipate that Wendys will post 0.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. Wendys’s dividend payout ratio (DPR) 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 sale, the insider now owns 5,444,270 shares of the company’s stock, valued at $108,340,973. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the sale, the director now owns 5,444,270 shares of the company’s stock, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenleaf Trust purchased a new stake in shares of Wendys during the second quarter valued at approximately $12,300,000. Menta Capital LLC increased its stake in Wendys by 21.0% during the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock worth $1,277,000 after buying an additional 11,318 shares during the period. Foundry Partners LLC purchased a new stake in Wendys during the 2nd quarter worth $2,017,000. BB&T Securities LLC acquired a new position in Wendys in the 2nd quarter worth $234,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Wendys in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 77.94% 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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