Wendy’s Company (The) (WEN) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Wendy’s Company (The) (NASDAQ:WEN) posted its earnings results on Wednesday. The restaurant operator reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02, Bloomberg Earnings reports. The business had revenue of $320.34 million during the quarter, compared to the consensus estimate of $298.72 million. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. Wendy’s Company (The)’s revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Wendy’s Company (The) updated its FY17 guidance to $0.40-0.47 EPS.

Wendy’s Company (WEN) traded up 0.72% during midday trading on Friday, hitting $15.37. The stock had a trading volume of 839,477 shares. The company has a 50-day moving average of $15.55 and a 200-day moving average of $14.72. Wendy’s Company has a 1-year low of $9.82 and a 1-year high of $16.66. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 39.92 and a beta of 0.97.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. Wendy’s Company (The)’s dividend payout ratio (DPR) is currently 75.68%.

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Several equities analysts recently commented on WEN shares. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, April 19th. BMO Capital Markets initiated coverage on Wendy’s Company (The) in a research report on Friday, April 21st. They issued an “outperform” rating and a $17.00 price objective for the company. Vetr upgraded Wendy’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $16.92 price objective for the company in a research report on Wednesday, April 26th. Stephens lifted their price objective on Wendy’s Company (The) from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Finally, SunTrust Banks, Inc. set a $18.00 price objective on Wendy’s Company (The) and gave the company a “buy” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Wendy’s Company (The) has an average rating of “Hold” and an average target price of $15.56.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Wendy’s Company (The) by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after buying an additional 592,868 shares during the last quarter. BlackRock Inc. boosted its position in shares of Wendy’s Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after buying an additional 41,702 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Wendy’s Company (The) by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after buying an additional 85,084 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Wendy’s Company (The) by 81.5% in the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after buying an additional 3,512,866 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Wendy’s Company (The) by 3.5% in the first quarter. State Street Corp now owns 5,707,374 shares of the restaurant operator’s stock worth $77,678,000 after buying an additional 194,240 shares during the last quarter. Institutional investors own 77.76% of the company’s stock.

About Wendy’s Company (The)

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.

Earnings History for Wendy`s Company (The) (NASDAQ:WEN)

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