Wendys Co (WEN) Given Consensus Rating of “Buy” by Analysts

Wendys Co (NASDAQ:WEN) has been given a consensus rating of “Buy” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.64.

WEN has been the topic of a number of research analyst reports. BidaskClub raised shares of Wendys from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. ValuEngine lowered shares of Wendys from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Wedbush reiterated a “hold” rating and set a $17.50 price objective on shares of Wendys in a report on Monday, February 11th. Stifel Nicolaus lowered shares of Wendys from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Finally, Mizuho lowered shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Wednesday, March 20th.

WEN remained flat at $$17.99 during trading on Wednesday. 3,040,737 shares of the company’s stock traded hands, compared to its average volume of 3,757,348. Wendys has a 1-year low of $14.96 and a 1-year high of $18.68. The firm has a market capitalization of $4.24 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.22 and a beta of 0.78. The company has a current ratio of 2.34, a quick ratio of 2.33 and a debt-to-equity ratio of 4.25.

Wendys (NASDAQ:WEN) last posted its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $397.82 million for the quarter, compared to analysts’ expectations of $399.89 million. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities analysts expect that Wendys will post 0.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 28th. This is an increase from Wendys’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.22%. Wendys’s dividend payout ratio (DPR) is 67.80%.

In other news, insider Abigail E. Pringle sold 8,897 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total transaction of $154,362.95. Following the sale, the insider now owns 100,917 shares in the company, valued at approximately $1,750,909.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $17.11, for a total transaction of $51,330,000.00. The disclosure for this sale can be found here. Corporate insiders own 23.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Enlightenment Research LLC purchased a new position in Wendys in the 4th quarter worth $28,000. Oregon Public Employees Retirement Fund raised its position in Wendys by 1,553.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,092,875 shares during the period. Clarfeld Financial Advisors LLC purchased a new position in Wendys in the 4th quarter worth $94,000. OLD Mission Capital LLC purchased a new position in Wendys in the 4th quarter worth $164,000. Finally, Advisor Group Inc. raised its position in Wendys by 7.3% in the 4th quarter. Advisor Group Inc. now owns 11,660 shares of the restaurant operator’s stock worth $182,000 after purchasing an additional 797 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.

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.

See Also: Mutual Funds

Analyst Recommendations for Wendys (NASDAQ:WEN)

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