Wendy’s (NASDAQ:WEN) Hits New 52-Week Low at $16.01

The Wendy’s Company (NASDAQ:WENGet Free Report) hit a new 52-week low on Monday . The company traded as low as $16.01 and last traded at $16.02, with a volume of 808635 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WEN. Truist Financial reduced their target price on Wendy’s from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen reaffirmed a “hold” rating and set a $19.00 target price on shares of Wendy’s in a research report on Thursday, June 13th. UBS Group boosted their price target on shares of Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Wendy’s from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.74.

Read Our Latest Report on WEN

Wendy’s Stock Performance

The company has a debt-to-equity ratio of 11.21, a quick ratio of 2.02 and a current ratio of 2.04. The stock has a market cap of $3.25 billion, a PE ratio of 16.00, a PEG ratio of 1.59 and a beta of 0.76. The company’s 50-day moving average price is $17.46 and its two-hundred day moving average price is $18.40.

Wendy’s (NASDAQ:WENGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The business had revenue of $534.80 million for the quarter, compared to the consensus estimate of $540.84 million. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that The Wendy’s Company will post 1 EPS for the current year.

Wendy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.31%. The ex-dividend date was Monday, June 3rd. Wendy’s’s dividend payout ratio is currently 101.01%.

Insider Buying and Selling at Wendy’s

In related news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $19.50, for a total value of $873,717.00. Following the transaction, the chief marketing officer now owns 27,586 shares in the company, valued at approximately $537,927. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Wendy’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Investment Advisors LLC increased its position in shares of Wendy’s by 262.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 74,297 shares of the restaurant operator’s stock valued at $1,447,000 after acquiring an additional 53,794 shares during the period. Quadrant Capital Group LLC raised its position in Wendy’s by 145.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,116 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 1,255 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Wendy’s in the 4th quarter worth approximately $2,533,000. Alberta Investment Management Corp purchased a new stake in Wendy’s in the 4th quarter worth approximately $1,027,000. Finally, Advisor Resource Council bought a new stake in shares of Wendy’s in the 4th quarter worth approximately $372,000. 85.96% of the stock is currently owned by institutional investors.

Wendy’s Company Profile

(Get Free Report)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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