Wendys Co (NASDAQ:WEN) – Analysts at Wedbush lifted their Q1 2018 earnings per share (EPS) estimates for shares of Wendys in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.10. Wedbush currently has a “Outperform” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Wendys’ Q2 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.16 EPS.
Several other analysts have also issued reports on the stock. Longbow Research lowered shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Friday. They noted that the move was a valuation call. SunTrust Banks lifted their target price on shares of Wendys to $22.00 in a research report on Wednesday, January 3rd. TheStreet upgraded shares of Wendys from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Wendys in a research report on Friday, December 22nd. Finally, BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.84.
Shares of Wendys (WEN) traded up $0.01 during midday trading on Friday, hitting $17.25. 3,525,400 shares of the stock traded hands, compared to its average volume of 4,090,000. Wendys has a 1-year low of $13.03 and a 1-year high of $17.66. The firm has a market capitalization of $4,180.00, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83.
Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 5.20% and a return on equity of 20.35%. The company had revenue of $308.00 million during the quarter. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.62%. Wendys’s payout ratio is 112.00%.
In other news, insider Scott A. Weisberg bought 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the acquisition, the insider now directly owns 199,014 shares of the company’s stock, valued at approximately $2,843,910.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas raised its stake in shares of Wendys by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock valued at $257,000 after acquiring an additional 414 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Wendys by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock valued at $1,611,000 after acquiring an additional 423 shares during the period. Arizona State Retirement System raised its stake in shares of Wendys by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock valued at $1,252,000 after acquiring an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wendys by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 692 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Wendys by 1.9% in the 2nd quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock valued at $1,102,000 after acquiring an additional 1,304 shares during the period. Institutional investors 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.
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