Wendys (NASDAQ:WEN) PT Raised to $22.00 at Credit Suisse Group

Wendys (NASDAQ:WEN) had its price target raised by Credit Suisse Group from $21.00 to $22.00 in a research report report published on Thursday, Stock Target Advisor reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Longbow Research set a $25.00 price target on shares of Wendys and gave the company a buy rating in a report on Friday, September 13th. Wedbush upped their price target on shares of Wendys from $20.00 to $22.00 and gave the company a neutral rating in a report on Monday, October 14th. ValuEngine raised shares of Wendys from a hold rating to a buy rating in a report on Friday, November 1st. BTIG Research lowered shares of Wendys from a buy rating to a neutral rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Co upped their price target on shares of Wendys from $19.00 to $20.00 and gave the company a market perform rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $21.70.

Wendys stock traded down $0.33 during midday trading on Thursday, hitting $20.65. 3,309,900 shares of the company’s stock were exchanged, compared to its average volume of 3,322,713. Wendys has a 12 month low of $14.96 and a 12 month high of $22.84. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.96 and a current ratio of 1.97. The company has a market cap of $4.81 billion, a PE ratio of 35.00, a P/E/G ratio of 3.00 and a beta of 0.67. The firm has a 50-day moving average of $20.76 and a two-hundred day moving average of $19.83.

Wendys (NASDAQ:WEN) last released its quarterly earnings data 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 business had revenue of $437.88 million for the quarter, compared to the consensus estimate of $434.45 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. As a group, equities analysts expect that Wendys will post 0.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This is a positive change from Wendys’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, November 29th. Wendys’s dividend payout ratio is presently 67.80%.

In other news, insider E.J. Wunsch sold 3,694 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $20.51, for a total transaction of $75,763.94. Following the sale, the insider now directly owns 52,449 shares of the company’s stock, valued at approximately $1,075,728.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the sale, the director now directly owns 5,444,270 shares in the company, valued at $108,722,071.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,478,694 shares of company stock worth $49,468,264. Corporate insiders own 20.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC lifted its stake in Wendys by 1.2% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 52,602 shares of the restaurant operator’s stock valued at $1,051,000 after buying an additional 624 shares in the last quarter. BBVA USA Bancshares Inc. lifted its stake in Wendys by 25.7% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 13,926 shares of the restaurant operator’s stock valued at $278,000 after buying an additional 2,850 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Wendys by 14.3% in 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 buying an additional 363,545 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Wendys by 176.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,445 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 6,664 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Wendys by 33.7% in the 3rd quarter. First Trust Advisors LP now owns 577,838 shares of the restaurant operator’s stock valued at $11,545,000 after buying an additional 145,721 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

About Wendys

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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Analyst Recommendations for Wendys (NASDAQ:WEN)

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