Wendy’s (NASDAQ:WEN) Given Neutral Rating at BTIG Research

BTIG Research restated their neutral rating on shares of Wendy’s (NASDAQ:WEN) in a research report released on Monday morning,Benzinga reports.

A number of other equities research analysts have also issued reports on the stock. Loop Capital reduced their target price on shares of Wendy’s from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 target price (down from $15.00) on shares of Wendy’s in a report on Friday, August 8th. Stephens reiterated an “equal weight” rating on shares of Wendy’s in a report on Monday, August 11th. TD Cowen reduced their target price on shares of Wendy’s from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, August 8th. Finally, Citigroup raised shares of Wendy’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.97.

Wendy’s Stock Performance

Shares of WEN stock opened at $9.67 on Monday. The firm’s 50 day moving average price is $10.38 and its 200-day moving average price is $11.98. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. Wendy’s has a one year low of $9.63 and a one year high of $20.60. The firm has a market cap of $1.84 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.82 and a beta of 0.37.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. As a group, equities research analysts predict that Wendy’s will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is 58.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FSM Wealth Advisors LLC grew its position in shares of Wendy’s by 5.5% in the 1st quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock valued at $237,000 after buying an additional 842 shares during the last quarter. Signaturefd LLC grew its position in shares of Wendy’s by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 917 shares during the last quarter. Trivium Point Advisory LLC grew its position in shares of Wendy’s by 7.9% in the 1st quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 1,002 shares during the last quarter. Hantz Financial Services Inc. grew its position in Wendy’s by 5.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 19,697 shares of the restaurant operator’s stock worth $225,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Covestor Ltd grew its position in Wendy’s by 25.8% during the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 1,038 shares during the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.