Wendys Co (NASDAQ:WEN) – Equities research analysts at Wedbush cut their FY2019 earnings per share (EPS) estimates for shares of Wendys in a report released on Wednesday, November 7th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.64 per share for the year, down from their previous forecast of $0.67. Wedbush currently has a “Buy” rating and a $20.00 target price on the stock.
Several other equities research analysts also recently commented on WEN. BidaskClub downgraded Wendys from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. ValuEngine upgraded Wendys from a “hold” rating to a “buy” rating in a report on Saturday. Mizuho set a $20.00 price objective on Wendys and gave the stock a “buy” rating in a report on Thursday. Gordon Haskett began coverage on Wendys in a report on Thursday, October 18th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Wells Fargo & Co reduced their price objective on Wendys from $18.00 to $17.50 and set a “market perform” rating for the company in a report on Thursday. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.56.
NASDAQ WEN opened at $17.42 on Friday. Wendys has a one year low of $13.67 and a one year high of $18.68. The stock has a market capitalization of $3.94 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53. The company has a quick ratio of 1.70, a current ratio of 2.52 and a debt-to-equity ratio of 3.52.
Wendys (NASDAQ:WEN) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The company had revenue of $400.55 million during the quarter, compared to the consensus estimate of $406.39 million. During the same period last year, the company earned $0.09 EPS. Wendys’s revenue for the quarter was up 30.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.085 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.34 annualized dividend and a yield of 1.95%. Wendys’s payout ratio is 79.07%.
A number of large investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its position in Wendys by 13.3% in the second quarter. Oppenheimer & Co. Inc. now owns 26,408 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 3,100 shares during the last quarter. Arizona State Retirement System boosted its position in Wendys by 2.6% in the second quarter. Arizona State Retirement System now owns 124,560 shares of the restaurant operator’s stock worth $2,140,000 after purchasing an additional 3,118 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Wendys by 11.6% in the third quarter. Xact Kapitalforvaltning AB now owns 30,857 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 3,200 shares during the last quarter. State Treasurer State of Michigan boosted its position in Wendys by 4.8% in the third quarter. State Treasurer State of Michigan now owns 69,243 shares of the restaurant operator’s stock worth $1,187,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Wendys by 12.5% in the second quarter. Amalgamated Bank now owns 45,852 shares of the restaurant operator’s stock worth $788,000 after purchasing an additional 5,111 shares during the last quarter. 77.65% of the stock is currently owned by institutional investors and hedge funds.
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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