Wendys Co (NASDAQ:WEN) – Analysts at Wedbush reduced their Q1 2019 EPS estimates for Wendys in a research note issued to investors on Wednesday, January 9th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.12. Wedbush currently has a “Neutral” rating and a $17.50 target price on the stock. Wedbush also issued estimates for Wendys’ Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.62 EPS.
A number of other analysts have also commented on the company. CIBC upgraded Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Wednesday. Oppenheimer upgraded Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Wednesday. Stifel Nicolaus lowered Wendys from a “buy” rating to a “hold” rating in a report on Monday, January 7th. BidaskClub lowered Wendys from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Wendys in a report on Saturday, November 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.56.
Shares of Wendys stock opened at $16.52 on Thursday. The firm has a market cap of $3.88 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.71. Wendys has a 12 month low of $14.80 and a 12 month high of $18.68. The company has a debt-to-equity ratio of 3.52, a quick ratio of 2.51 and a current ratio of 2.52.
Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $400.55 million for the quarter. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share.
A number of large investors have recently added to or reduced their stakes in WEN. Valeo Financial Advisors LLC grew its position in Wendys by 2,200.0% during the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock worth $118,000 after buying an additional 6,600 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in Wendys during the third quarter worth about $199,000. Fox Run Management L.L.C. purchased a new position in Wendys during the third quarter worth about $202,000. Private Advisor Group LLC purchased a new position in Wendys during the second quarter worth about $213,000. Finally, Boenning & Scattergood Inc. purchased a new position in Wendys during the third quarter worth about $218,000. 77.69% of the stock is owned by institutional investors and hedge funds.
In other Wendys news, COO Robert D. Wright sold 28,300 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.10% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 3rd were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, November 30th. Wendys’s dividend payout ratio is currently 79.07%.
The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products such as chicken breast sandwiches, nuggets, chili, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.
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