The Wendy's Company (NASDAQ:WEN) Receives $12.97 Consensus Target Price from Analysts

The Wendy's Company (NASDAQ:WEN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.9722.

Several research firms have issued reports on WEN. BTIG Research reiterated a "neutral" rating on shares of Wendy's in a research note on Friday, August 8th. Bank of America cut their target price on Wendy's from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Loop Capital cut their target price on Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. TD Cowen reduced their price target on Wendy's from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. Finally, UBS Group reaffirmed a "neutral" rating and set a $11.00 price target (down from $14.00) on shares of Wendy's in a research report on Wednesday, July 30th.

Wendy's Stock Up 1.0%

Shares of Wendy's stock traded up $0.10 during trading on Monday, hitting $9.93. 2,764,718 shares of the stock traded hands, compared to its average volume of 5,981,918. The firm has a market cap of $1.89 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.37. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. Wendy's has a 52-week low of $9.73 and a 52-week high of $20.60. The stock's fifty day simple moving average is $10.49 and its 200 day simple moving average is $12.15.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, equities analysts predict that Wendy's will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.6%. Wendy's's payout ratio is presently 58.33%.

Institutional Investors Weigh In On Wendy's

A number of large investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in shares of Wendy's by 125.5% during the second quarter. Osaic Holdings Inc. now owns 98,816 shares of the restaurant operator's stock worth $1,128,000 after acquiring an additional 54,986 shares during the last quarter. Marex Group plc purchased a new stake in shares of Wendy's during the second quarter worth about $121,000. Advisory Services Network LLC grew its stake in shares of Wendy's by 6.8% during the second quarter. Advisory Services Network LLC now owns 51,895 shares of the restaurant operator's stock worth $593,000 after acquiring an additional 3,316 shares during the last quarter. State of Wyoming boosted its position in Wendy's by 58.4% in the second quarter. State of Wyoming now owns 17,202 shares of the restaurant operator's stock valued at $196,000 after buying an additional 6,340 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in Wendy's in the second quarter valued at approximately $290,000. Hedge funds and other institutional investors own 85.96% of the company's stock.

About Wendy's

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.