Analysts Set Wendys Co (NASDAQ:WEN) Target Price at $20.33

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Shares of Wendys Co (NASDAQ:WEN) have received a consensus recommendation of “Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.33.

Several research analysts have commented on WEN shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research report on Friday, June 28th. Mizuho lowered Wendys from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Wednesday, March 20th. Bank of America reissued a “hold” rating on shares of TELUS in a report on Friday, May 10th. Evercore ISI began coverage on LYFT in a report on Wednesday, June 12th. They issued an “outperform” rating and a $74.00 target price on the stock. Finally, BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd.

Wendys stock traded down $0.09 during midday trading on Friday, reaching $19.12. 17,148 shares of the stock traded hands, compared to its average volume of 1,919,852. The business has a 50-day simple moving average of $19.35. Wendys has a 12-month low of $14.96 and a 12-month high of $20.14. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.12 and a beta of 0.74. The company has a debt-to-equity ratio of 5.80, a quick ratio of 2.04 and a current ratio of 2.05.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Wendys had a return on equity of 23.85% and a net margin of 29.16%. The company had revenue of $408.60 million during the quarter, compared to analysts’ expectations of $398.58 million. During the same period last year, the business posted $0.11 EPS. Wendys’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts expect that Wendys will post 0.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.10 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. Wendys’s dividend payout ratio is currently 67.80%.

In related news, COO Robert D. Wright sold 454,793 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $18.60, for a total value of $8,459,149.80. Following the completion of the transaction, the chief operating officer now directly owns 237,425 shares in the company, valued at $4,416,105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert D. Wright sold 109,110 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $18.58, for a total value of $2,027,263.80. Following the completion of the transaction, the chief operating officer now owns 237,425 shares of the company’s stock, valued at $4,411,356.50. The disclosure for this sale can be found here. Insiders sold 690,532 shares of company stock worth $12,859,441 over the last 90 days. Company insiders own 20.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WEN. O Shaughnessy Asset Management LLC acquired a new position in Wendys in the first quarter valued at $58,000. Carroll Financial Associates Inc. increased its stake in Wendys by 226.6% during the second quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 2,658 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new stake in Wendys during the fourth quarter worth about $94,000. Citizens Financial Group Inc RI acquired a new stake in Wendys during the first quarter worth about $107,000. Finally, OLD Mission Capital LLC acquired a new stake in Wendys during the fourth quarter worth about $164,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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