Wendys (NASDAQ:WEN) was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently commented on WEN. BidaskClub cut shares of Wendys from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Longbow Research raised shares of Wendys from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.23 to $18.00 in a research note on Friday, September 15th. SunTrust Banks reissued a “buy” rating and issued a $18.00 price target on shares of Wendys in a research note on Monday, October 2nd. Stifel Nicolaus initiated coverage on shares of Wendys in a research note on Monday, October 2nd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research cut shares of Wendys from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.21.

Shares of Wendys (NASDAQ:WEN) opened at $16.40 on Wednesday. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.78 and a current ratio of 1.80. The firm has a market cap of $3,756.47, a P/E ratio of 37.83, a P/E/G ratio of 2.73 and a beta of 0.93. Wendys has a twelve month low of $13.03 and a twelve month high of $16.66.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $308.00 million for the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. analysts forecast that Wendys will post 0.44 earnings per share for the current fiscal year.

In other Wendys news, insider Scott A. Weisberg purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the purchase, the insider now directly owns 199,014 shares in the company, valued at $2,843,910.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider E.J. Wunsch sold 3,548 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP increased its stake in Wendys by 24.0% during the 2nd quarter. Engineers Gate Manager LP now owns 309,979 shares of the restaurant operator’s stock valued at $4,808,000 after purchasing an additional 60,061 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Wendys by 3.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 626,854 shares of the restaurant operator’s stock valued at $9,723,000 after purchasing an additional 20,402 shares in the last quarter. Arizona State Retirement System increased its stake in Wendys by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock valued at $1,252,000 after purchasing an additional 600 shares in the last quarter. Cipher Capital LP increased its stake in Wendys by 22.3% during the 3rd quarter. Cipher Capital LP now owns 59,220 shares of the restaurant operator’s stock valued at $919,000 after purchasing an additional 10,806 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Wendys by 0.3% during the 2nd quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock valued at $239,362,000 after purchasing an additional 41,702 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.

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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.

Analyst Recommendations for Wendys (NASDAQ:WEN)

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