Wendy’s Company (The) (NASDAQ:WEN) received a $18.00 price objective from equities researchers at SunTrust Banks, Inc. in a research report issued on Thursday, May 11th. The brokerage currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 18.19% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, February 2nd. Wedbush reiterated a “neutral” rating and issued a $14.00 price target on shares of Wendy’s Company (The) in a research note on Saturday, January 28th. BMO Capital Markets began coverage on shares of Wendy’s Company (The) in a research note on Friday, April 21st. They issued an “outperform” rating and a $17.00 price target for the company. Vetr lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 price target for the company. in a research note on Monday, May 8th. Finally, J P Morgan Chase & Co upgraded shares of Wendy’s Company (The) from a “neutral” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, February 24th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.87.
Wendy’s Company (WEN) opened at 15.23 on Thursday. The company has a 50-day moving average of $15.72 and a 200 day moving average of $14.18. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 30.89 and a beta of 0.95. Wendy’s Company has a 12-month low of $9.15 and a 12-month high of $16.66.
Wendy’s Company (The) (NASDAQ:WEN) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The firm had revenue of $285.82 million during the quarter. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 24.6% on a year-over-year basis. Equities analysts expect that Wendy’s Company will post $0.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, May 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 58.33%.
In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.70% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the company. Tyers Asset Management LLC purchased a new position in Wendy’s Company (The) during the fourth quarter worth $101,000. Laurion Capital Management LP purchased a new position in Wendy’s Company (The) during the third quarter worth $122,000. Elkfork Partners LLC purchased a new position in Wendy’s Company (The) during the fourth quarter worth $139,000. Weiss Asset Management LP purchased a new position in Wendy’s Company (The) during the first quarter worth $150,000. Finally, Cantab Capital Partners LLP purchased a new position in Wendy’s Company (The) during the fourth quarter worth $156,000. Institutional investors own 77.68% of the company’s stock.
Wendy’s Company (The) Company Profile
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
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