Wendys (NASDAQ:WEN) released its quarterly earnings results on Tuesday. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02, Briefing.com reports. The firm had revenue of $400.55 million for the quarter. Wendys had a net margin of 40.00% and a return on equity of 26.88%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Wendys updated its FY 2018 guidance to $0.56-0.58 EPS and its FY18 guidance to $0.56-0.58 EPS.
NASDAQ:WEN traded up $0.22 during midday trading on Thursday, hitting $16.85. The company had a trading volume of 4,741,810 shares, compared to its average volume of 4,347,461. Wendys has a 52-week low of $13.57 and a 52-week high of $18.68. The firm has a market capitalization of $4.05 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.70 and a current ratio of 1.71.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.34 annualized dividend and a yield of 2.02%. Wendys’s dividend payout ratio (DPR) is presently 79.07%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its position in Wendys by 4.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 796,581 shares of the restaurant operator’s stock valued at $13,686,000 after buying an additional 35,983 shares during the period. Greenleaf Trust purchased a new stake in Wendys during the second quarter valued at about $8,620,000. Itau Unibanco Holding S.A. purchased a new stake in Wendys during the second quarter valued at about $152,000. Toronto Dominion Bank purchased a new stake in Wendys during the second quarter valued at about $112,000. Finally, FMR LLC boosted its position in Wendys by 362.4% during the second quarter. FMR LLC now owns 1,386,158 shares of the restaurant operator’s stock valued at $23,814,000 after buying an additional 1,086,386 shares during the period. Institutional investors and hedge funds own 77.65% of the company’s stock.
WEN has been the topic of several research analyst reports. Zacks Investment Research raised shares of Wendys from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Sunday, July 15th. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Argus upped their price target on shares of Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Mizuho set a $21.00 price target on shares of Wendys and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, Morgan Stanley upped their price target on shares of Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, August 17th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.95.
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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