BidaskClub upgraded shares of Wendys (NASDAQ:WEN) from a hold rating to a buy rating in a report published on Friday, June 22nd.
A number of other research analysts also recently commented on WEN. Citigroup boosted their target price on Wendys from $19.00 to $21.00 and gave the company a buy rating in a research note on Tuesday, June 19th. Argus lowered their target price on Wendys from $19.00 to $16.34 and set a buy rating on the stock in a research note on Thursday, May 17th. Zacks Investment Research upgraded Wendys from a sell rating to a hold rating and set a $19.00 target price on the stock in a research note on Thursday, May 10th. Oppenheimer began coverage on Wendys in a research note on Monday, March 19th. They issued a market perform rating on the stock. Finally, Mizuho initiated coverage on Wendys in a research note on Thursday, March 15th. They issued a buy rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $17.88.
Wendys traded up $0.02, hitting $17.18, during trading hours on Friday, MarketBeat reports. 1,608,985 shares of the company’s stock traded hands, compared to its average volume of 3,534,712. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 1.58 and a beta of 0.74. Wendys has a twelve month low of $13.57 and a twelve month high of $18.22. The company has a current ratio of 1.77, a quick ratio of 1.76 and a debt-to-equity ratio of 6.00.
Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Tuesday, May 8th. The restaurant operator reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $380.56 million for the quarter. Wendys had a return on equity of 23.01% and a net margin of 14.55%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. equities analysts forecast that Wendys will post 0.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a dividend of $0.085 per share. The ex-dividend date was Thursday, May 31st. This represents a $0.34 annualized dividend and a dividend yield of 1.98%. Wendys’s dividend payout ratio (DPR) is presently 79.07%.
In related news, Director Nelson Peltz sold 2,405,292 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $16.43, for a total transaction of $39,518,947.56. Following the completion of the sale, the director now owns 9,893,461 shares in the company, valued at approximately $162,549,564.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew H. Peltz sold 725,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $16.41, for a total value of $11,897,250.00. Following the sale, the director now owns 33,281 shares of the company’s stock, valued at approximately $546,141.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,894,292 shares of company stock valued at $64,045,118. 23.10% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in WEN. PDS Planning Inc bought a new stake in Wendys during the 1st quarter valued at approximately $163,000. United Capital Financial Advisers LLC bought a new stake in Wendys during the 1st quarter valued at approximately $184,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Wendys by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,248 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 3,753 shares during the period. Wedbush Securities Inc. bought a new stake in Wendys during the 1st quarter valued at approximately $189,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in Wendys during the 1st quarter valued at approximately $194,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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