Wendy’s (NASDAQ:WEN) Receives Hold Rating from Argus

Argus reaffirmed their hold rating on shares of Wendy’s (NASDAQ:WEN) in a research report report published on Tuesday, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on WEN. Bank of America dropped their target price on Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 18th. Cowen restated a “hold” rating on shares of Wendy’s in a research report on Friday, August 8th. BTIG Research restated a “neutral” rating on shares of Wendy’s in a research report on Monday, September 15th. Piper Sandler restated an “overweight” rating and set a $13.00 price target on shares of Wendy’s in a research report on Friday, August 8th. Finally, Citigroup upgraded Wendy’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Wendy’s has a consensus rating of “Hold” and a consensus target price of $12.66.

Wendy’s Trading Down 1.4%

Shares of WEN opened at $9.16 on Tuesday. Wendy’s has a 1 year low of $9.05 and a 1 year high of $20.60. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The stock has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $11.70. The stock has a market cap of $1.75 billion, a PE ratio of 9.54, a PEG ratio of 1.75 and a beta of 0.37.

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

Wendy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is presently 58.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WEN. Elevation Point Wealth Partners LLC bought a new position in Wendy’s in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC lifted its stake in shares of Wendy’s by 1,111.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,957 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Wendy’s by 35.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 1,041 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Wendy’s by 7,180.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 3,375 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Wendy’s by 25.2% in the 2nd quarter. Signaturefd LLC now owns 5,336 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 1,074 shares during the period. 85.96% of the stock is currently owned by institutional investors.

About Wendy’s

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.