Several other analysts also recently issued reports on the company. BidaskClub upgraded Wendy’s from a sell rating to a hold rating in a research report on Wednesday, March 21st. Stifel Nicolaus upped their price objective on Wendy’s from $18.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, April 18th. Zacks Investment Research downgraded Wendy’s from a hold rating to a sell rating in a research report on Thursday, April 26th. Oppenheimer began coverage on Wendy’s in a research report on Monday, March 19th. They issued a market perform rating on the stock. Finally, Wedbush restated a buy rating and issued a $20.00 price objective on shares of Wendy’s in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $17.72.
WEN opened at $16.33 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.76 and a debt-to-equity ratio of 6.00. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 1.51 and a beta of 0.76. Wendy’s has a one year low of $13.57 and a one year high of $17.75.
Wendy’s (NASDAQ:WEN) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $309.25 million for the quarter. Wendy’s had a return on equity of 23.01% and a net margin of 14.55%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. equities analysts anticipate that Wendy’s will post 0.56 earnings per share for the current year.
Wendy’s declared that its board has authorized a stock buyback program on Thursday, February 15th that allows the company to buyback $175.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.085 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.34 annualized dividend and a yield of 2.08%. Wendy’s’s dividend payout ratio (DPR) is presently 79.07%.
In other Wendy’s news, Director Emil J. Brolick sold 540,540 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $17.14, for a total transaction of $9,264,855.60. Following the completion of the sale, the director now directly owns 1,371,835 shares in the company, valued at $23,513,251.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gunther Plosch purchased 5,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were purchased at an average price of $16.62 per share, with a total value of $83,100.00. Following the completion of the purchase, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $415,500. The disclosure for this purchase can be found here. Insiders have sold 9,434,832 shares of company stock worth $155,809,973 over the last quarter. 23.10% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in WEN. OppenheimerFunds Inc. increased its stake in Wendy’s by 199.0% during the first quarter. OppenheimerFunds Inc. now owns 3,230,037 shares of the restaurant operator’s stock worth $56,688,000 after acquiring an additional 2,149,630 shares during the last quarter. Victory Capital Management Inc. increased its stake in Wendy’s by 26.8% during the fourth quarter. Victory Capital Management Inc. now owns 7,122,035 shares of the restaurant operator’s stock worth $116,944,000 after acquiring an additional 1,507,055 shares during the last quarter. Renaissance Technologies LLC increased its stake in Wendy’s by 70.1% during the fourth quarter. Renaissance Technologies LLC now owns 2,794,882 shares of the restaurant operator’s stock worth $45,892,000 after acquiring an additional 1,152,200 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in Wendy’s by 242.6% during the first quarter. Landscape Capital Management L.L.C. now owns 1,356,126 shares of the restaurant operator’s stock worth $23,800,000 after acquiring an additional 960,287 shares during the last quarter. Finally, RWC Asset Management LLP acquired a new stake in Wendy’s during the first quarter worth about $12,285,000. Institutional investors own 80.08% of the company’s stock.
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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