Wendy’s (NASDAQ:WEN) Sets New 1-Year Low at $16.01

The Wendy’s Company (NASDAQ:WENGet Free Report)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $16.01 and last traded at $16.02, with a volume of 808635 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wedbush increased their price objective on Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group started coverage on Wendy’s in a research report on Thursday, June 13th. They issued a “sell” rating and a $16.00 price target for the company. TD Cowen reissued a “hold” rating and issued a $19.00 price target on shares of Wendy’s in a research note on Thursday, June 13th. Truist Financial reduced their price objective on shares of Wendy’s from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Stephens reissued an “equal weight” rating and issued a $20.00 target price on shares of Wendy’s in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.74.

View Our Latest Research Report on WEN

Wendy’s Stock Performance

The firm’s 50 day moving average price is $17.46 and its 200-day moving average price is $18.40. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.59 and a beta of 0.76. The company has a debt-to-equity ratio of 11.21, a current ratio of 2.04 and a quick ratio of 2.02.

Wendy’s (NASDAQ:WENGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The firm had revenue of $534.80 million for the quarter, compared to analyst estimates of $540.84 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that The Wendy’s Company will post 1 earnings per share for the current year.

Wendy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend was Monday, June 3rd. Wendy’s’s payout ratio is 101.01%.

Insider Buying and Selling

In other Wendy’s news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $19.50, for a total transaction of $873,717.00. Following the completion of the transaction, the chief marketing officer now directly owns 27,586 shares of the company’s stock, valued at $537,927. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wendy’s

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in shares of Wendy’s by 312.2% during the second quarter. CWM LLC now owns 49,436 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 37,443 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Wendy’s in the 1st quarter valued at $44,000. Burney Co. increased its stake in shares of Wendy’s by 12.8% in the 1st quarter. Burney Co. now owns 62,168 shares of the restaurant operator’s stock valued at $1,171,000 after buying an additional 7,078 shares during the period. Western Pacific Wealth Management LP bought a new stake in shares of Wendy’s during the first quarter worth $119,000. Finally, Tidal Investments LLC lifted its stake in shares of Wendy’s by 10.9% during the first quarter. Tidal Investments LLC now owns 16,079 shares of the restaurant operator’s stock valued at $303,000 after acquiring an additional 1,577 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

About Wendy’s

(Get Free Report)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

See Also

Receive News & Ratings for Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.