The Wendy’s Company (NASDAQ:WEN) Given Consensus Recommendation of “Buy” by Brokerages

The Wendy’s Company (NASDAQ:WENGet Rating) has earned a consensus rating of “Buy” from the twenty research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.28.

WEN has been the topic of a number of recent research reports. BMO Capital Markets lowered Wendy’s from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $28.00 to $22.00 in a report on Monday, April 18th. Tigress Financial boosted 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. Deutsche Bank Aktiengesellschaft dropped their target price on Wendy’s from $26.00 to $20.00 in a report on Thursday, May 12th. Truist Financial decreased their price target on Wendy’s from $29.00 to $27.00 in a research note on Thursday, May 12th. Finally, Credit Suisse Group decreased their price target on Wendy’s from $27.00 to $22.00 in a research note on Thursday, May 12th.

WEN opened at $17.76 on Tuesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. Wendy’s has a 52 week low of $15.77 and a 52 week high of $24.48. The business’s 50 day moving average is $18.68 and its two-hundred day moving average is $21.16. The company has a quick ratio of 2.63, a current ratio of 2.65 and a debt-to-equity ratio of 7.48.

Wendy’s (NASDAQ:WENGet Rating) last released its earnings results on Wednesday, May 11th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $488.64 million during the quarter, compared to analyst estimates of $495.76 million. Wendy’s had a net margin of 10.20% and a return on equity of 34.82%. During the same period in the previous year, the firm posted $0.20 EPS. Equities analysts expect that Wendy’s will post 0.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.50 dividend on an annualized basis and a yield of 2.82%. Wendy’s’s payout ratio is 56.82%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Royal Bank of Canada raised its holdings in shares of Wendy’s by 227.7% in the third quarter. Royal Bank of Canada now owns 300,845 shares of the restaurant operator’s stock worth $6,523,000 after acquiring an additional 209,036 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Wendy’s by 4.4% in the third quarter. LPL Financial LLC now owns 49,020 shares of the restaurant operator’s stock worth $1,063,000 after acquiring an additional 2,057 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Wendy’s by 17.9% in the third quarter. United Capital Financial Advisers LLC now owns 13,995 shares of the restaurant operator’s stock worth $303,000 after acquiring an additional 2,125 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Wendy’s by 3.6% in the third quarter. Janus Henderson Group PLC now owns 4,391,097 shares of the restaurant operator’s stock worth $95,199,000 after acquiring an additional 151,984 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Wendy’s by 3.6% in the third quarter. BNP Paribas Arbitrage SA now owns 18,237 shares of the restaurant operator’s stock valued at $395,000 after purchasing an additional 641 shares during the last quarter. 69.97% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Wendy's (NASDAQ:WEN)

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