The Wendy's Company (NASDAQ:WEN - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.74 and last traded at $9.75, with a volume of 3160336 shares changing hands. The stock had previously closed at $9.92.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating on shares of Wendy's in a research report on Friday, August 8th. Citigroup upgraded Wendy's from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Loop Capital dropped their target price on Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Guggenheim downgraded Wendy's from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $12.00 price objective (down previously from $15.00) on shares of Wendy's in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.97.
Read Our Latest Stock Report on WEN
Wendy's Trading Down 0.9%
The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.37. The company's 50-day moving average price is $10.53 and its 200-day moving average price is $12.17. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74.
Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.63% and a return on equity of 103.07%. Wendy's's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Equities analysts expect that The Wendy's Company will post 0.99 EPS for the current fiscal year.
Wendy's Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy's's dividend payout ratio (DPR) is 58.33%.
Institutional Investors Weigh In On Wendy's
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new position in shares of Wendy's during the 2nd quarter worth $25,000. Farther Finance Advisors LLC increased its position in Wendy's by 1,111.9% during the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 1,957 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Wendy's by 35.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 1,041 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Wendy's by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock worth $50,000 after purchasing an additional 3,375 shares during the period. Finally, Signaturefd LLC boosted its holdings in Wendy's by 25.2% in the 2nd quarter. Signaturefd LLC now owns 5,336 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.
About Wendy's
(
Get Free Report)
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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