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

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

A number of equities research analysts have issued reports on WEN shares. StockNews.com initiated coverage on shares of Wendy’s in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets downgraded Wendy’s from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $28.00 to $22.00 in a research note on Monday, April 18th. Tigress Financial raised their price target on Wendy’s from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, March 23rd. Citigroup lowered their price target on Wendy’s from $23.00 to $18.50 in a research note on Thursday, May 12th. Finally, Wedbush reduced their target price on shares of Wendy’s from $28.50 to $23.00 in a research note on Thursday, May 12th.

Wendy’s stock 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 company has a market cap of $3.98 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95. Wendy’s has a fifty-two week low of $15.77 and a fifty-two week high of $29.46. The firm’s 50 day simple moving average is $19.83 and its 200-day simple moving average is $21.55.

Wendy’s (NASDAQ:WENGet Rating) last posted 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 quarter in the previous year, the firm earned $0.20 EPS. On average, analysts expect that Wendy’s will post 0.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, May 31st. Wendy’s’s payout ratio is presently 56.82%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Wendy’s by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,948,651 shares of the restaurant operator’s stock valued at $394,332,000 after purchasing an additional 425,575 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Wendy’s by 4.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,580,273 shares of the restaurant operator’s stock worth $276,190,000 after buying an additional 518,919 shares during the period. JPMorgan Chase & Co. boosted its stake in Wendy’s by 0.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,681,390 shares of the restaurant operator’s stock valued at $146,790,000 after buying an additional 53,665 shares in the last quarter. State Street Corp grew its position in Wendy’s by 6.0% in the first quarter. State Street Corp now owns 4,957,246 shares of the restaurant operator’s stock valued at $108,911,000 after acquiring an additional 282,580 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Wendy’s by 3.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,391,097 shares of the restaurant operator’s stock valued at $95,199,000 after purchasing an additional 151,984 shares in the last quarter. Institutional investors own 69.97% of the company’s stock.

About Wendy’s (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.

Featured Articles

Analyst Recommendations for Wendy's (NASDAQ:WEN)

Receive News & Ratings for Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.