The Wendy’s Company (NASDAQ:WEN) Receives $26.08 Consensus PT from Analysts

Shares of The Wendy’s Company (NASDAQ:WENGet Rating) have been given a consensus rating of “Hold” by the twenty-four brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $26.08.

Several equities research analysts recently commented on the company. Credit Suisse Group lowered their price target on Wendy’s from $27.00 to $22.00 in a research note on Thursday, May 12th. Barclays decreased their price objective on shares of Wendy’s from $28.00 to $25.00 in a report on Thursday, May 12th. Tigress Financial boosted their price target on Wendy’s from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, March 23rd. TheStreet lowered shares of Wendy’s from a “b-” rating to a “c+” rating in a research report on Friday, May 13th. Finally, Truist Financial lowered their target price on shares of Wendy’s from $29.00 to $27.00 in a research note on Thursday, May 12th.

Large investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its holdings in Wendy’s by 2.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,900 shares of the restaurant operator’s stock valued at $451,000 after purchasing an additional 450 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Wendy’s by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 26,126 shares of the restaurant operator’s stock worth $623,000 after purchasing an additional 474 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Wendy’s by 3.8% in the 4th quarter. First Republic Investment Management Inc. now owns 12,863 shares of the restaurant operator’s stock valued at $307,000 after buying an additional 475 shares during the period. Pacer Advisors Inc. increased its position in shares of Wendy’s by 2.4% in the 4th quarter. Pacer Advisors Inc. now owns 24,253 shares of the restaurant operator’s stock valued at $578,000 after buying an additional 575 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Wendy’s by 11.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,776 shares of the restaurant operator’s stock worth $127,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 69.97% of the company’s stock.

NASDAQ WEN opened at $18.59 on Friday. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.65 and a quick ratio of 2.63. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95. The company has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $21.55. Wendy’s has a 52-week low of $15.77 and a 52-week high of $29.46.

Wendy’s (NASDAQ:WENGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The restaurant operator reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Wendy’s had a net margin of 10.20% and a return on equity of 34.82%. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts predict that Wendy’s will post 0.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 31st. Wendy’s’s dividend payout ratio (DPR) is currently 56.82%.

Wendy’s Company Profile (Get Rating)

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

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Analyst Recommendations for Wendy's (NASDAQ:WEN)

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