Wendys (WEN) Getting Somewhat Favorable News Coverage, Report Finds
Media coverage about Wendys (NASDAQ:WEN) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news 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. Wendys earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 47.162524526431 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- IN PERSON: Ryan Bridgeman says competition runs in the family, even in business (bizjournals.com)
- Promo Talk: Wendy Ferber, Pride Products Distributors LLC (asicentral.com)
- Wendy’s CEO Reveals Which Food Products Are Most Requested for Delivery (finance.yahoo.com)
- The Wendy’s Company Completes $925 Million Securitized Financing Facility (finance.yahoo.com)
- Wendys (WEN) PT Raised to $20.00 (americanbankingnews.com)
A number of brokerages have issued reports on WEN. Longbow Research cut shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Friday, January 12th. They noted that the move was a valuation call. Barclays reissued an “overweight” rating and set a $20.00 target price (up previously from $17.00) on shares of Wendys in a report on Tuesday. TheStreet raised shares of Wendys from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Wedbush raised shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.94.
Wendys (NASDAQ WEN) opened at $16.79 on Thursday. The firm has a market cap of $4,080.00, a price-to-earnings ratio of 67.16, a PEG ratio of 1.99 and a beta of 0.93. Wendys has a 1-year low of $13.03 and a 1-year high of $17.66. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78.
Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $308.00 million during the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. research analysts expect that Wendys will post 0.44 EPS for the current year.
In other news, insider Scott A. Weisberg purchased 10,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $14.29 per share, with a total value of $142,900.00. Following the completion of the acquisition, the insider now owns 199,014 shares in the company, valued at approximately $2,843,910.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 26.50% of the company’s stock.
Wendys 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.
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