Royal Bank of Canada Reiterates “Hold” Rating for Wendys (WEN)

Wendys (NASDAQ:WEN)‘s stock had its “hold” rating reissued by Royal Bank of Canada in a research report issued on Friday. They presently have a $18.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 9.49% from the company’s previous close.

Several other brokerages have also recently weighed in on WEN. SunTrust Banks reaffirmed a “buy” rating and set a $18.00 price objective on shares of Wendys in a research note on Monday, October 2nd. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Wendys from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Nomura decreased their price objective on shares of Wendys from $15.00 to $14.50 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Finally, Credit Suisse Group decreased their price objective on shares of Wendys from $15.75 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.63.

Wendys (NASDAQ WEN) opened at $16.44 on Friday. Wendys has a twelve month low of $13.03 and a twelve month high of $16.98. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. The stock has a market cap of $4,000.00, a PE ratio of 65.76, a PEG ratio of 2.88 and a beta of 0.93.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $308.00 million during the quarter. Wendys had a net margin of 5.20% and a return on equity of 20.35%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. equities research analysts forecast that Wendys will post 0.44 earnings per share for the current year.

In related news, insider E.J. Wunsch sold 3,548 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott A. Weisberg acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the completion of the acquisition, the insider now directly owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The disclosure for this purchase can be found here. 26.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in WEN. Teacher Retirement System of Texas raised its holdings in Wendys by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 414 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Wendys by 0.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock worth $1,611,000 after acquiring an additional 423 shares in the last quarter. Arizona State Retirement System increased its position in shares of Wendys by 0.7% during the second quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock worth $1,252,000 after acquiring an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wendys by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 692 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Wendys by 1.9% during the second quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock worth $1,102,000 after acquiring an additional 1,304 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.

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About Wendys

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.

Analyst Recommendations for Wendys (NASDAQ:WEN)

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