Wendys (NASDAQ:WEN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Wendys from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Longbow Research reissued a “buy” rating on shares of Wendys in a research note on Wednesday, September 4th. BTIG Research lowered shares of Wendys from a “buy” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research cut shares of Wendys from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Friday, August 23rd. Finally, Guggenheim downgraded Wendys from a “buy” rating to a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Wendys currently has an average rating of “Hold” and a consensus target price of $20.53.

NASDAQ:WEN traded down $2.24 on Tuesday, reaching $19.71. The stock had a trading volume of 16,990,145 shares, compared to its average volume of 3,228,983. The company has a market capitalization of $5.16 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.66. Wendys has a 1-year low of $14.96 and a 1-year high of $22.84. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67. The stock has a fifty day moving average price of $20.23 and a 200-day moving average price of $18.92.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $435.30 million for the quarter, compared to the consensus estimate of $439.64 million. Wendys had a return on equity of 23.16% and a net margin of 28.88%. Wendys’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. Sell-side analysts predict that Wendys will post 0.63 earnings per share for the current fiscal year.

In related news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of Wendys stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.90, for a total value of $9,452,500.00. Following the sale, the insider now owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the sale, the director now owns 5,444,270 shares in the company, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank bought a new position in Wendys in the second quarter valued at approximately $111,000. Atria Investments LLC acquired a new position in Wendys during the second quarter worth $506,000. BlackRock Inc. raised its position in Wendys by 1.3% during the second quarter. BlackRock Inc. now owns 16,840,359 shares of the restaurant operator’s stock worth $329,735,000 after acquiring an additional 211,285 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Wendys by 70.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 968,959 shares of the restaurant operator’s stock worth $18,973,000 after acquiring an additional 401,238 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Wendys by 16.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,600 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 1,881 shares during the last quarter. 77.94% of the stock is owned by hedge funds and other institutional investors.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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