BidaskClub downgraded shares of Wendys (NASDAQ:WEN) from a hold rating to a sell rating in a research report report published on Friday.
Several other research firms have also commented on WEN. SunTrust Banks reissued a buy rating and issued a $22.00 price objective on shares of Wendys in a research note on Friday, August 17th. KeyCorp started coverage on shares of Wendys in a research note on Wednesday, October 3rd. They issued a sector weight rating for the company. Mizuho set a $21.00 price objective on shares of Wendys and gave the company a buy rating in a research note on Thursday, August 16th. Morgan Stanley raised their price objective on shares of Wendys from $19.00 to $20.00 and gave the company an equal weight rating in a research note on Friday, August 17th. Finally, Zacks Investment Research lowered shares of Wendys from a buy rating to a hold rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $18.92.
Shares of WEN stock opened at $17.29 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 6.44. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 1.43 and a beta of 0.58. Wendys has a 1-year low of $13.57 and a 1-year high of $18.68.
Wendys (NASDAQ:WEN) last announced its earnings results on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Wendys had a return on equity of 23.08% and a net margin of 15.87%. The company had revenue of $411.00 million for the quarter. During the same period in the previous year, the business posted $0.15 earnings per share. Equities research analysts anticipate that Wendys will post 0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.34 annualized dividend and a yield of 1.97%. Wendys’s dividend payout ratio (DPR) is 79.07%.
A number of large investors have recently modified their holdings of the stock. Boenning & Scattergood Inc. acquired a new stake in Wendys in the third quarter valued at approximately $218,000. Fox Run Management L.L.C. acquired a new stake in Wendys during the third quarter worth approximately $202,000. Verition Fund Management LLC acquired a new stake in Wendys during the second quarter worth approximately $309,000. Jane Street Group LLC acquired a new stake in Wendys during the second quarter worth approximately $285,000. Finally, California Public Employees Retirement System raised its holdings in Wendys by 5.2% during the second quarter. California Public Employees Retirement System now owns 569,710 shares of the restaurant operator’s stock worth $9,788,000 after purchasing an additional 28,263 shares in the last quarter. 80.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Story: Understanding each part of a balance sheet
Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.