Wendys (NASDAQ:WEN) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, December 20th, Marketbeat Ratings reports. The firm currently has a $20.00 target price on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 15.94% from the company’s previous close. Wedbush also issued estimates for Wendys’ Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.16 EPS.
Several other brokerages have also recently commented on WEN. Longbow Research raised shares of Wendys from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.23 to $18.00 in a research report on Friday, September 15th. BMO Capital Markets cut their target price on shares of Wendys from $19.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Stifel Nicolaus initiated coverage on shares of Wendys in a report on Monday, October 2nd. They issued a “buy” rating and a $18.00 target price on the stock. Morgan Stanley raised their target price on shares of Wendys from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 9th. Finally, TheStreet cut Wendys from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.84.
Shares of Wendys (WEN) traded up $0.01 during trading on Wednesday, hitting $17.25. The stock had a trading volume of 3,525,491 shares, compared to its average volume of 4,081,200. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 5.83. The firm has a market capitalization of $4,180.00, a P/E ratio of 69.00, a PEG ratio of 2.24 and a beta of 0.93. Wendys has a 12 month low of $13.03 and a 12 month high of $17.66.
Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 5.20% and a return on equity of 20.35%. The business had revenue of $308.00 million for the quarter. During the same period in the previous year, the company earned $0.11 EPS. Wendys’s quarterly revenue was down 15.4% on a year-over-year basis. sell-side analysts expect that Wendys will post 0.44 earnings per share for the current year.
In other news, insider Scott A. Weisberg acquired 10,000 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the transaction, the insider now owns 199,014 shares in the company, valued at approximately $2,843,910.06. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 26.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in shares of Wendys by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock valued at $257,000 after buying an additional 414 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Wendys by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock valued at $1,611,000 after buying an additional 423 shares during the period. Arizona State Retirement System boosted its stake in shares of Wendys by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Wendys by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 692 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Wendys by 1.9% during the 2nd quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock valued at $1,102,000 after buying an additional 1,304 shares during the period. Hedge funds and other institutional investors own 76.33% of the company’s stock.
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Wendys 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.
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