Somewhat Positive Media Coverage Somewhat Unlikely to Affect Wendy’s (WEN) Stock Price
Headlines about Wendy’s (NASDAQ:WEN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wendy’s earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.6922352471742 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- McDonald’s made a Black Friday goof on Twitter, and everyone went wild — including Wendy’s (hellogiggles.com)
- 25 Wendy’s tweets that served a double shade burger in 2017 (mashable.com)
- Most Don’t Know Where Wendy’s Gets The Meat For Their Chili From. Former Employee Explains (awm.com)
- The Surprising Histories Behind Your Favorite Fast Food Restaurants (cheatsheet.com)
- Wendy’s embraces social media to connect with, learn about customers (dispatch.com)
Wendy’s (NASDAQ WEN) traded down $0.09 during midday trading on Friday, hitting $13.86. 1,564,551 shares of the stock traded hands, compared to its average volume of 4,098,685. Wendy’s has a 1-year low of $12.40 and a 1-year high of $16.66. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78. The firm has a market cap of $3,378.64, a price-to-earnings ratio of 34.02, a PEG ratio of 2.46 and a beta of 0.94.
Wendy’s (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $308.00 million for the quarter. Wendy’s had a net margin of 5.20% and a return on equity of 20.35%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. equities research analysts expect that Wendy’s will post 0.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, November 30th. Wendy’s’s payout ratio is 112.00%.
Several equities research analysts recently issued reports on the stock. TheStreet downgraded shares of Wendy’s from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. BMO Capital Markets dropped their price target on shares of Wendy’s from $19.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Credit Suisse Group dropped their price target on shares of Wendy’s from $15.75 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Nomura dropped their price target on shares of Wendy’s from $15.00 to $14.50 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Finally, Morgan Stanley lifted their price target on shares of Wendy’s from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.97.
In other Wendy’s news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott A. Weisberg bought 10,000 shares of Wendy’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $14.29 per share, with a total value of $142,900.00. Following the completion of the purchase, the insider now directly owns 199,014 shares in the company, valued at $2,843,910.06. The disclosure for this purchase can be found here. Insiders own 26.50% of the company’s stock.
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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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