Wendy’s Company (The) (WEN) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Wendy’s Company (The) (NASDAQ:WEN) from a hold rating to a sell rating in a report released on Saturday.

A number of other equities analysts have also issued reports on WEN. Zacks Investment Research raised shares of Wendy’s Company (The) from a sell rating to a hold rating in a research report on Friday, May 12th. Vetr lowered shares of Wendy’s Company (The) from a buy rating to a hold rating and set a $16.92 target price on the stock. in a research report on Tuesday, May 16th. Barclays PLC boosted their target price on shares of Wendy’s Company (The) from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Wednesday, May 31st. Royal Bank Of Canada reissued a hold rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a report on Thursday, June 22nd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Wendy’s Company (The) has an average rating of Hold and an average target price of $15.64.

Shares of Wendy’s Company (NASDAQ WEN) traded up 0.63% on Friday, reaching $14.37. 4,062,890 shares of the company’s stock traded hands. The firm has a market capitalization of $3.50 billion, a P/E ratio of 37.32 and a beta of 1.00. Wendy’s Company has a 52 week low of $10.09 and a 52 week high of $16.66. The company’s 50-day moving average is $15.22 and its 200-day moving average is $14.87.

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

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.95%. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

Several large investors have recently modified their holdings of WEN. Tyers Asset Management LLC boosted its stake in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 96 shares in the last quarter. WFG Advisors LP boosted its stake in shares of Wendy’s Company (The) by 50.2% in the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Wendy’s Company (The) by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock valued at $142,000 after purchasing an additional 132 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Wendy’s Company (The) by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 4,012 shares in the last quarter. Institutional investors own 76.46% of the company’s stock.

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.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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