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.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Wendys by 1.3% in the third quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after purchasing an additional 220,643 shares in the last quarter. Morgan Stanley increased its holdings in Wendys by 4.2% in the third quarter. Morgan Stanley now owns 430,335 shares of the restaurant operator’s stock worth $7,376,000 after buying an additional 17,161 shares during the last quarter. Legal & General Group Plc increased its holdings in Wendys by 6.2% in the third quarter. Legal & General Group Plc now owns 253,339 shares of the restaurant operator’s stock worth $4,343,000 after buying an additional 14,835 shares during the last quarter. Nordea Investment Management AB increased its holdings in Wendys by 35.9% in the third quarter. Nordea Investment Management AB now owns 260,855 shares of the restaurant operator’s stock worth $4,470,000 after buying an additional 68,873 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Wendys by 129.0% in the third quarter. TIAA CREF Investment Management LLC now owns 499,728 shares of the restaurant operator’s stock worth $8,565,000 after buying an additional 281,468 shares during the last quarter. 77.71% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Wendys (NASDAQ:WEN)

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