Wendy’s Company (The)’s (WEN) Neutral Rating Reiterated at Instinet

Instinet reissued their neutral rating on shares of Wendy’s Company (The) (NASDAQ:WEN) in a research report report published on Thursday, May 11th. They currently have a $15.00 price objective on the restaurant operator’s stock, up from their previous price objective of $11.00.

WEN has been the subject of several other reports. Royal Bank of Canada raised their target price on shares of Wendy’s Company (The) from $11.00 to $15.00 and gave the stock a sector perform rating in a research report on Thursday, May 11th. Stephens raised their target price on shares of Wendy’s Company (The) from $16.00 to $18.00 and gave the stock an overweight rating in a research report on Thursday, May 11th. SunTrust Banks, Inc. set a $18.00 price target on shares of Wendy’s Company (The) and gave the stock a buy rating in a research note on Thursday, May 11th. 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, Zacks Investment Research lowered shares of Wendy’s Company (The) from a buy rating to a hold rating in a research note on Monday, April 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Wendy’s Company (The) currently has an average rating of Hold and an average price target 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 announced its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $285.82 million during the quarter. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The company’s quarterly revenue was down 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Equities analysts expect that Wendy’s Company will post $0.46 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, May 30th. Wendy’s Company (The)’s dividend payout ratio is currently 58.33%.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of Wendy’s Company (The) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total transaction of $87,835,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 22.70% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the company. Tyers Asset Management LLC acquired a new stake in shares of Wendy’s Company (The) during the fourth quarter valued at $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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