The Wendy's Company (NASDAQ:WEN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• The Wendy's Company has a consensus rating of "Hold" from 23 analysts, with two sell ratings, twelve holds, six buys, and three strong buys.
• Wendy's reported a quarterly earnings per share (EPS) of $0.29, exceeding analysts' estimates of $0.25, although revenues for the quarter declined by 1.7% year-over-year.
• The company declared a quarterly dividend of $0.14 per share, with a yield of 5.4%, set to be paid on September 16th.

The Wendy's Company (NASDAQ:WEN - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty-three analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.8684.

Several equities analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Wendy's from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of Wendy's in a research note on Friday, August 8th. Loop Capital dropped their price target on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Wendy's from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Truist Financial set a $13.00 price target on shares of Wendy's and gave the company a "buy" rating in a research note on Monday.

Wendy's Stock Performance

WEN opened at $10.41 on Thursday. The business has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $12.76. The company has a market capitalization of $1.98 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.90 and a beta of 0.31. Wendy's has a 1 year low of $9.74 and a 1 year high of $20.60. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to the consensus estimate of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Research analysts expect that Wendy's will post 0.99 EPS for the current year.

Wendy's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 annualized dividend and a yield of 5.4%. Wendy's's dividend payout ratio is 58.33%.

Insider Transactions at Wendy's

In related news, CMO Lindsay J. Radkoski purchased 5,050 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of $11.68 per share, for a total transaction of $58,984.00. Following the completion of the acquisition, the chief marketing officer owned 28,956 shares of the company's stock, valued at $338,206.08. This represents a 21.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.00% of the company's stock.

Institutional Investors Weigh In On Wendy's

Several institutional investors have recently bought and sold shares of the stock. Jump Financial LLC grew its holdings in Wendy's by 807.9% during the second quarter. Jump Financial LLC now owns 167,621 shares of the restaurant operator's stock worth $1,914,000 after buying an additional 149,158 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Wendy's during the second quarter worth $3,369,000. Guggenheim Capital LLC lifted its holdings in Wendy's by 26.2% during the second quarter. Guggenheim Capital LLC now owns 228,106 shares of the restaurant operator's stock worth $2,605,000 after acquiring an additional 47,388 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Wendy's by 407.3% during the second quarter. EverSource Wealth Advisors LLC now owns 12,875 shares of the restaurant operator's stock worth $147,000 after acquiring an additional 10,337 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in Wendy's during the second quarter worth $2,428,000. Institutional investors own 85.96% of the company's stock.

Wendy's Company Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.

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