Shares of The Wendy's Company (NASDAQ:WEN - Get Free Report) have been given an average rating of "Hold" by the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.34.
Several research analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of Wendy's from $26.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Morgan Stanley dropped their target price on Wendy's from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. UBS Group dropped their price objective on Wendy's from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Truist Financial decreased their price target on shares of Wendy's from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Wedbush reiterated a "neutral" rating and set a $16.00 price objective on shares of Wendy's in a research note on Friday, March 7th.
Check Out Our Latest Research Report on WEN
Wendy's Trading Down 1.1 %
Shares of WEN stock traded down $0.13 on Tuesday, reaching $11.99. 3,702,716 shares of the stock were exchanged, compared to its average volume of 4,270,374. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The stock has a market cap of $2.30 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 2.00 and a beta of 0.40. The firm has a 50 day moving average of $13.71 and a two-hundred day moving average of $15.61. Wendy's has a 1-year low of $11.70 and a 1-year high of $20.60.
Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. The company had revenue of $523.47 million during the quarter, compared to analyst estimates of $530.11 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business's quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Wendy's will post 0.99 EPS for the current year.
Wendy's Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 4.67%. Wendy's's dividend payout ratio (DPR) is presently 59.57%.
Insider Buying and Selling at Wendy's
In related news, insider Abigail E. Pringle sold 136,819 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $12.81, for a total transaction of $1,752,651.39. Following the completion of the sale, the insider now directly owns 203,005 shares of the company's stock, valued at $2,600,494.05. This represents a 40.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Wendy's
Several hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new stake in shares of Wendy's in the 3rd quarter valued at approximately $763,000. GAMMA Investing LLC lifted its stake in Wendy's by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 1,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Wendy's by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 152,549 shares of the restaurant operator's stock worth $2,673,000 after acquiring an additional 2,087 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Wendy's in the 4th quarter valued at about $357,000. Finally, Oak Thistle LLC purchased a new stake in shares of Wendy's in the fourth quarter worth approximately $516,000. 85.96% of the stock is owned by hedge funds and other institutional investors.
About Wendy's
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Get Free ReportThe 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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