Wendy’s Company (The) (WEN) Given Average Recommendation of “Hold” by Analysts

Wendy’s Company (The) (NASDAQ:WEN) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.49.

Several equities analysts have recently commented on the company. BidaskClub downgraded Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America Corporation restated a “neutral” rating and issued a $17.00 price objective on shares of Wendy’s Company (The) in a research report on Monday, August 14th. Zacks Investment Research downgraded Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a research report on Friday, August 11th. Finally, BMO Capital Markets restated a “buy” rating on shares of Wendy’s Company (The) in a research report on Friday, August 11th.

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A number of hedge funds have recently modified their holdings of WEN. Vanguard Group Inc. grew its position in Wendy’s Company (The) by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after purchasing an additional 592,868 shares during the period. BlackRock Inc. grew its position in Wendy’s Company (The) by 0.3% during the 2nd quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after purchasing an additional 41,702 shares during the period. Janus Capital Management LLC grew its position in Wendy’s Company (The) by 0.6% during the 1st quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after purchasing an additional 85,084 shares during the period. Janus Henderson Group PLC acquired a new stake in Wendy’s Company (The) during the 2nd quarter worth about $189,448,000. Finally, Victory Capital Management Inc. grew its position in Wendy’s Company (The) by 81.5% during the 1st quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after purchasing an additional 3,512,866 shares during the period. Institutional investors own 76.46% of the company’s stock.

Shares of Wendy’s Company (WEN) traded up 0.63% during midday trading on Tuesday, reaching $14.37. The company had a trading volume of 4,062,890 shares. Wendy’s Company has a one year low of $10.09 and a one year high of $16.66. The company has a market capitalization of $3.50 billion, a P/E ratio of 37.82 and a beta of 1.00. The company has a 50-day moving average price of $15.22 and a 200 day moving average price of $14.87.

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The company had revenue of $320.34 million during the quarter. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue was down 16.3% on a year-over-year basis. Equities analysts anticipate that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.95%. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

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.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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