Wendys Co (NASDAQ:WEN) has been assigned a consensus recommendation of “Buy” from the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.91.
Several equities research analysts have weighed in on WEN shares. Citigroup raised their price target on Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. BidaskClub raised Wendys from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research raised Wendys from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Sunday, July 15th. Argus raised their price target on Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, Mizuho set a $21.00 price target on Wendys and gave the stock a “buy” rating in a report on Thursday, August 16th.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Wendys by 4.0% during the second quarter. BlackRock Inc. now owns 15,558,770 shares of the restaurant operator’s stock worth $267,299,000 after purchasing an additional 601,968 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Wendys by 12.3% during the second quarter. Wells Fargo & Company MN now owns 9,837,856 shares of the restaurant operator’s stock worth $169,016,000 after purchasing an additional 1,078,609 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Wendys by 12.4% during the second quarter. Victory Capital Management Inc. now owns 7,298,631 shares of the restaurant operator’s stock worth $125,391,000 after purchasing an additional 805,335 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Wendys by 4.1% during the second quarter. Janus Henderson Group PLC now owns 5,599,181 shares of the restaurant operator’s stock worth $96,194,000 after purchasing an additional 220,039 shares during the period. Finally, Fort Pitt Capital Group LLC lifted its holdings in Wendys by 11.5% in the second quarter. Fort Pitt Capital Group LLC now owns 2,294,849 shares of the restaurant operator’s stock valued at $39,426,000 after acquiring an additional 236,732 shares during the period. 80.60% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ WEN opened at $17.12 on Wednesday. The company has a debt-to-equity ratio of 6.44, a current ratio of 1.71 and a quick ratio of 1.70. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 1.43 and a beta of 0.58. Wendys has a fifty-two week low of $13.57 and a fifty-two week high of $18.68.
Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $411.00 million during the quarter. Wendys had a return on equity of 23.08% and a net margin of 15.87%. During the same period in the previous year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that Wendys will post 0.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, August 31st. Wendys’s dividend payout ratio (DPR) is 79.07%.
Wendys Company Profile
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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