Wendy’s Company (The) (NASDAQ:WEN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, April 19th. Vetr raised Wendy’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $16.92 target price on the stock in a research note on Wednesday, April 26th. Stephens increased their target price on Wendy’s Company (The) from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, May 11th. Royal Bank Of Canada increased their target price on Wendy’s Company (The) from $11.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Finally, Instinet reissued a “neutral” rating and issued a $15.00 target price (up from $11.00) on shares of Wendy’s Company (The) in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.64.
Shares of Wendy’s Company (NASDAQ:WEN) traded up 0.26% during trading on Monday, reaching $15.43. The company’s stock had a trading volume of 2,265,482 shares. The stock’s 50 day moving average is $15.56 and its 200 day moving average is $14.76. The firm has a market cap of $3.76 billion, a P/E ratio of 40.08 and a beta of 0.97. Wendy’s Company has a one year low of $9.82 and a one year high of $16.66.
Wendy’s Company (The) (NASDAQ:WEN) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $320.34 million for the quarter. During the same period in the prior year, the company posted $0.10 earnings per share. The company’s revenue was down 16.3% on a year-over-year basis. On average, equities analysts forecast that Wendy’s Company will post $0.47 EPS for the current fiscal year.
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In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $15.97, for a total transaction of $87,835,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its position in Wendy’s Company (The) by 409.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 103,428 shares of the restaurant operator’s stock worth $1,408,000 after buying an additional 83,136 shares in the last quarter. Private Advisor Group LLC purchased a new position in Wendy’s Company (The) during the first quarter worth $174,000. Sei Investments Co. increased its position in Wendy’s Company (The) by 401.9% in the first quarter. Sei Investments Co. now owns 27,806 shares of the restaurant operator’s stock worth $378,000 after buying an additional 22,266 shares in the last quarter. AMG National Trust Bank increased its position in Wendy’s Company (The) by 12.2% in the first quarter. AMG National Trust Bank now owns 41,360 shares of the restaurant operator’s stock worth $563,000 after buying an additional 4,483 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Wendy’s Company (The) by 24.5% in the first quarter. LS Investment Advisors LLC now owns 17,694 shares of the restaurant operator’s stock worth $241,000 after buying an additional 3,483 shares in the last quarter. 76.86% of the stock is currently owned by institutional investors.
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.
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