Royal Bank Of Canada Reaffirms “Hold” Rating for Wendy’s Company (The) (WEN)

Wendy’s Company (The) (NASDAQ:WEN)‘s stock had its “hold” rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued on Friday. They presently have a $16.00 target price on the restaurant operator’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 4.92% from the company’s previous close.

A number of other research firms have also recently weighed in on WEN. Sanford C. Bernstein reissued a “market perform” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. Zacks Investment Research raised Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Instinet reissued a “neutral” rating and issued a $15.00 price target (up from $11.00) on shares of Wendy’s Company (The) in a report on Thursday, May 11th. UBS AG reissued a “sell” rating and issued a $13.00 price target (up from $12.00) on shares of Wendy’s Company (The) in a report on Thursday. Finally, Vetr raised Wendy’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $16.92 price target for the company in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.56.

Shares of Wendy’s Company (NASDAQ WEN) opened at 15.26 on Friday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 30.95 and a beta of 0.97. Wendy’s Company has a 52 week low of $9.82 and a 52 week high of $16.66. The firm has a 50 day moving average price of $15.55 and a 200-day moving average price of $14.72.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The company had revenue of $320.34 million during the quarter. During the same period last year, the firm earned $0.10 earnings per share. The business’s revenue was down 16.3% compared to the same quarter last year. Equities research analysts predict that Wendy’s Company will post $0.47 EPS for the current fiscal year.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. 26.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of WEN. Amalgamated Bank increased its stake in shares of Wendy’s Company (The) by 19.6% in the second quarter. Amalgamated Bank now owns 39,062 shares of the restaurant operator’s stock valued at $606,000 after buying an additional 6,391 shares during the last quarter. Nicholas Company Inc. increased its stake in shares of Wendy’s Company (The) by 64.1% in the second quarter. Nicholas Company Inc. now owns 614,720 shares of the restaurant operator’s stock valued at $9,534,000 after buying an additional 240,035 shares during the last quarter. BlackRock Inc. increased its stake in shares of Wendy’s Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock valued at $239,362,000 after buying an additional 41,702 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Wendy’s Company (The) by 30.3% in the second quarter. TIAA CREF Investment Management LLC now owns 784,354 shares of the restaurant operator’s stock valued at $12,165,000 after buying an additional 182,491 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Wendy’s Company (The) by 84.3% in the second quarter. Teachers Advisors LLC now owns 720,033 shares of the restaurant operator’s stock valued at $11,168,000 after buying an additional 329,277 shares during the last quarter. 77.76% of the stock is owned by institutional investors.

Wendy’s Company (The) Company Profile

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.