Shares of Wendy’s Company (The) (NASDAQ:WEN) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.12.
Several brokerages recently issued reports on WEN. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a report on Thursday, June 22nd. BidaskClub lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Barclays PLC lifted their price target on shares of Wendy’s Company (The) from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, May 31st. Finally, Vetr lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 price target on the stock. in a report on Wednesday, May 24th.
In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Tyers Asset Management LLC increased its position in Wendy’s Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares during the last quarter. Elkfork Partners LLC increased its position in Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares during the last quarter. Weiss Asset Management LP bought a new position in Wendy’s Company (The) during the first quarter worth about $150,000. Private Advisor Group LLC bought a new position in Wendy’s Company (The) during the first quarter worth about $174,000. Finally, World Asset Management Inc increased its position in Wendy’s Company (The) by 4.3% in the first quarter. World Asset Management Inc now owns 13,100 shares of the restaurant operator’s stock worth $178,000 after buying an additional 540 shares during the last quarter. Institutional investors own 77.35% of the company’s stock.
Shares of Wendy’s Company (NASDAQ WEN) traded up 0.13% during trading on Monday, hitting $15.86. 1,516,596 shares of the stock were exchanged. The firm has a market capitalization of $3.89 billion, a P/E ratio of 32.17 and a beta of 0.97. The firm has a 50 day moving average price of $15.58 and a 200 day moving average price of $14.51. Wendy’s Company has a 52 week low of $9.33 and a 52 week high of $16.66.
Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $285.82 million for the quarter. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The company’s revenue for the quarter was down 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Analysts forecast that Wendy’s Company will post $0.46 EPS for the current fiscal year.
About Wendy’s Company (The)
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
Receive News & Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
