Wendys Co (WEN) Given Consensus Rating of “Buy” by Analysts
Shares of Wendys Co (NASDAQ:WEN) have earned a consensus recommendation of “Buy” from the twenty-three analysts that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.70.
A number of research firms have commented on WEN. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Argus upped their price objective on shares of Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Wedbush reaffirmed a “buy” rating and set a $20.00 price objective on shares of Wendys in a research note on Wednesday, November 7th. Mizuho set a $20.00 price objective on shares of Wendys and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, Bank of America upped their price objective on shares of Wendys from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 17th.
In other news, COO Robert D. Wright sold 28,300 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total value of $503,174.00. Following the completion of the sale, the chief operating officer now directly owns 48,467 shares of the company’s stock, valued at $861,743.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.10% of the stock is owned by corporate insiders.
WEN stock traded up $0.12 during mid-day trading on Thursday, reaching $17.57. 3,993,982 shares of the stock traded hands, compared to its average volume of 3,688,652. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 3.52. Wendys has a 52-week low of $14.80 and a 52-week high of $18.68. The firm has a market capitalization of $4.13 billion, a PE ratio of 40.86, a P/E/G ratio of 1.47 and a beta of 0.55.
Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Wendys had a net margin of 40.00% and a return on equity of 23.36%. The company had revenue of $400.55 million during the quarter. During the same period in the prior year, the company posted $0.09 earnings per share. Wendys’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, equities research analysts anticipate that Wendys will post 0.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, November 30th. Wendys’s dividend payout ratio (DPR) is 79.07%.
Wendys Company Profile
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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