Media coverage about Wendy’s (NASDAQ:WEN) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wendy’s earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 47.4732712039658 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Cannae (CNNE) vs. Wendy’s (WEN) Critical Contrast (americanbankingnews.com)
- Man spends 4 hours in underwear on the roof of a St. Augustine Wendy’s (firstcoastnews.com)
- Despondent man climbs to roof of Wendy’s Restaurant (historiccity.com)
- Man strips down to underwear, starts police standoff atop Wendy’s in St. Augustine (firstcoastnews.com)
- $407.58 Million in Sales Expected for Wendy’s (WEN) This Quarter (americanbankingnews.com)
A number of equities analysts recently weighed in on WEN shares. Guggenheim upgraded shares of Wendy’s from a “neutral” rating to a “buy” rating in a report on Friday, February 16th. Barclays lowered their target price on shares of Wendy’s from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. BidaskClub downgraded shares of Wendy’s from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. UBS upgraded shares of Wendy’s from a “sell” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Thursday, March 1st. Finally, Wedbush restated a “buy” rating and set a $20.00 target price on shares of Wendy’s in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.72.
Wendy’s opened at $16.33 on Monday, MarketBeat Ratings reports. Wendy’s has a one year low of $13.57 and a one year high of $17.75. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of 1.51 and a beta of 0.76. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.76 and a current ratio of 1.77.
Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $309.25 million during the quarter. Wendy’s had a net margin of 14.55% and a return on equity of 23.01%. Wendy’s’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. analysts predict that Wendy’s will post 0.56 earnings per share for the current fiscal year.
Wendy’s announced that its Board of Directors has initiated a share buyback plan on Thursday, February 15th that allows the company to repurchase $175.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.085 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.08%. Wendy’s’s payout ratio is presently 79.07%.
In other news, major shareholder Trian Partners Parallel Fund I sold 5,000,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $16.50, for a total value of $82,500,000.00. Following the completion of the sale, the insider now owns 5,409,971 shares of the company’s stock, valued at $89,264,521.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nelson Peltz sold 2,405,292 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $16.43, for a total transaction of $39,518,947.56. Following the completion of the sale, the director now directly owns 9,893,461 shares of the company’s stock, valued at approximately $162,549,564.23. The disclosure for this sale can be found here. In the last three months, insiders sold 9,434,832 shares of company stock valued at $155,809,973. 23.10% of the stock is currently owned by company insiders.
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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