Shares of Wendys Co (NASDAQ:WEN) have been assigned a consensus recommendation of “Hold” from the twenty-six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.80.
A number of equities research analysts recently commented on WEN shares. Cowen lowered Wendys from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $22.00 to $20.00 in a research report on Monday, October 7th. MKM Partners set a $20.00 price target on shares of Wendys and gave the stock a “hold” rating in a report on Tuesday, September 10th. KeyCorp restated a “hold” rating on shares of Wendys in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Wendys from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group upped their target price on Wendys from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.
Wendys stock traded up $0.14 during trading hours on Monday, reaching $21.70. 82,754 shares of the company’s stock were exchanged, compared to its average volume of 2,710,023. The company has a quick ratio of 1.99, a current ratio of 2.00 and a debt-to-equity ratio of 5.62. The firm’s 50 day simple moving average is $21.11 and its 200 day simple moving average is $20.15. Wendys has a twelve month low of $14.96 and a twelve month high of $22.84. The firm has a market capitalization of $4.96 billion, a PE ratio of 36.79, a PEG ratio of 3.23 and a beta of 0.64.
Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $437.88 million for the quarter, compared to analyst estimates of $434.45 million. Wendys had a return on equity of 24.72% and a net margin of 7.69%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. Analysts anticipate that Wendys will post 0.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Wendys’s previous quarterly dividend of $0.10. Wendys’s payout ratio is currently 81.36%.
In other news, insider E.J. Wunsch sold 3,694 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $20.51, for a total transaction of $75,763.94. Following the transaction, the insider now directly owns 52,449 shares of the company’s stock, valued at $1,075,728.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd Allan Penegor sold 283,733 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $21.34, for a total value of $6,054,862.22. Following the transaction, the chief executive officer now directly owns 685,029 shares in the company, valued at $14,618,518.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 300,762 shares of company stock worth $6,409,994. 20.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in shares of Wendys by 14.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,909,065 shares of the restaurant operator’s stock valued at $58,123,000 after purchasing an additional 363,545 shares during the period. Holocene Advisors LP increased its holdings in Wendys by 2,361.6% during the second quarter. Holocene Advisors LP now owns 1,669,013 shares of the restaurant operator’s stock valued at $32,679,000 after buying an additional 1,601,211 shares during the last quarter. US Bancorp DE raised its position in Wendys by 12.0% in the second quarter. US Bancorp DE now owns 269,381 shares of the restaurant operator’s stock worth $5,274,000 after acquiring an additional 28,826 shares during the period. Cubist Systematic Strategies LLC raised its position in Wendys by 3,181.9% in the second quarter. Cubist Systematic Strategies LLC now owns 166,328 shares of the restaurant operator’s stock worth $3,257,000 after acquiring an additional 161,260 shares during the period. Finally, Menta Capital LLC boosted its stake in shares of 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 acquiring an additional 11,318 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
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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