Wendy’s (NASDAQ:WEN) Reaches New 1-Year Low at $17.59

The Wendy’s Company (NASDAQ:WENGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $17.59 and last traded at $17.70, with a volume of 155477 shares. The stock had previously closed at $17.77.

Analysts Set New Price Targets

A number of research firms have weighed in on WEN. Piper Sandler upped their price target on Wendy’s from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Royal Bank of Canada reduced their target price on Wendy’s from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 20th. UBS Group increased their target price on Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their target price on Wendy’s from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Truist Financial reduced their target price on Wendy’s from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.06.

View Our Latest Analysis on Wendy’s

Wendy’s Price Performance

The company has a debt-to-equity ratio of 11.21, a current ratio of 2.04 and a quick ratio of 2.02. The company has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.96. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78.

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

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.00 annualized dividend and a yield of 5.89%. Wendy’s’s dividend payout ratio is currently 101.01%.

Insider Activity at Wendy’s

In related news, Director Kenneth W. Gilbert sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the completion of the transaction, the director now owns 31,304 shares of the company’s stock, valued at $565,663.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Wendy’s news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $19.50, for a total transaction of $873,717.00. Following the transaction, the chief marketing officer now owns 27,586 shares of the company’s stock, valued at approximately $537,927. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth W. Gilbert sold 4,500 shares of Wendy’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $18.07, for a total value of $81,315.00. Following the transaction, the director now directly owns 31,304 shares in the company, valued at approximately $565,663.28. The disclosure for this sale can be found here. 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 business. Burney Co. grew its stake in Wendy’s by 12.8% during the 1st quarter. Burney Co. now owns 62,168 shares of the restaurant operator’s stock valued at $1,171,000 after acquiring an additional 7,078 shares in the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Wendy’s during the 1st quarter valued at about $119,000. Tidal Investments LLC lifted its holdings in shares of Wendy’s by 10.9% during the 1st quarter. Tidal Investments LLC now owns 16,079 shares of the restaurant operator’s stock valued at $303,000 after buying an additional 1,577 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Wendy’s by 2.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,321,275 shares of the restaurant operator’s stock valued at $62,571,000 after buying an additional 68,356 shares during the last quarter. Finally, Cadence Bank lifted its holdings in shares of Wendy’s by 48.3% during the 1st quarter. Cadence Bank now owns 420,395 shares of the restaurant operator’s stock valued at $7,920,000 after buying an additional 136,982 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

About Wendy’s

(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.

Further Reading

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