The Wendy’s Company (NASDAQ:WEN) Receives Consensus Rating of “Buy” from Analysts

The Wendy’s Company (NASDAQ:WENGet Rating) has received an average rating of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.08.

WEN has been the topic of several recent analyst reports. TheStreet downgraded Wendy’s from a “b-” rating to a “c+” rating in a report on Friday, May 13th. Citigroup reduced their price target on shares of Wendy’s from $23.00 to $18.50 in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wendy’s from $26.00 to $20.00 in a research report on Thursday, May 12th. Tigress Financial increased their target price on Wendy’s from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, March 23rd. Finally, Wedbush dropped their price target on Wendy’s from $28.50 to $23.00 in a research report on Thursday, May 12th.

A number of institutional investors have recently added to or reduced their stakes in WEN. Joseph Group Capital Management bought a new position in Wendy’s during the fourth quarter worth $969,000. Ahrens Investment Partners LLC bought a new position in Wendy’s during the fourth quarter worth about $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Wendy’s during the fourth quarter valued at approximately $34,000. Covestor Ltd bought a new stake in shares of Wendy’s in the 4th quarter valued at approximately $45,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Wendy’s in the 1st quarter worth approximately $47,000. 69.97% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:WEN opened at $18.59 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.63 and a debt-to-equity ratio of 7.48. The company has a 50-day moving average of $19.83 and a 200-day moving average of $21.55. Wendy’s has a twelve month low of $15.77 and a twelve month high of $29.46. The firm has a market cap 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.

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 return on equity of 34.82% and a net margin of 10.20%. During the same period in the prior year, the business earned $0.20 EPS. On average, research analysts forecast that Wendy’s will post 0.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given 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 is 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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