Wendys (NASDAQ:WEN) Rating Lowered to Hold at ValuEngine

Wendys (NASDAQ:WEN) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Several other research firms have also commented on WEN. Telsey Advisory Group increased their target price on shares of Wendys from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stephens set a $24.00 target price on shares of Wendys and gave the company a “buy” rating in a research note on Friday, October 11th. KeyCorp reissued a “hold” rating on shares of Wendys in a research note on Tuesday, October 15th. Zacks Investment Research lowered shares of Wendys from a “hold” rating to a “sell” rating and set a $22.00 target price for the company. in a research note on Monday, October 28th. Finally, Morgan Stanley increased their target price on shares of Wendys from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.80.

Wendys stock opened at $21.43 on Tuesday. The firm has a 50 day simple moving average of $21.09 and a 200-day simple moving average of $20.12. The company has a debt-to-equity ratio of 5.62, a current ratio of 2.00 and a quick ratio of 1.99. The stock has a market capitalization of $4.93 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 3.20 and a beta of 0.64. Wendys has a 12-month low of $14.96 and a 12-month high of $22.84.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $437.88 million during the quarter, compared to analysts’ expectations of $434.45 million. Wendys had a net margin of 7.69% and a return on equity of 24.72%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. On average, analysts forecast that Wendys will post 0.59 earnings per share for the current fiscal year.

In other Wendys news, insider E.J. Wunsch sold 3,694 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $20.51, for a total value of $75,763.94. Following the transaction, the insider now owns 52,449 shares in the company, valued at approximately $1,075,728.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Leigh A. Burnside sold 13,335 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $20.95, for a total transaction of $279,368.25. Following the completion of the transaction, the chief accounting officer now owns 43,214 shares in the company, valued at approximately $905,333.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,762 shares of company stock valued at $6,409,994. 20.90% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Wendys by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,800 shares of the restaurant operator’s stock worth $476,000 after purchasing an additional 600 shares during the last quarter. Comerica Bank increased its stake in shares of Wendys by 0.7% during the 3rd quarter. Comerica Bank now owns 83,079 shares of the restaurant operator’s stock worth $1,771,000 after purchasing an additional 604 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Wendys by 1.2% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 52,602 shares of the restaurant operator’s stock worth $1,051,000 after purchasing an additional 624 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Wendys by 65.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 849 shares during the last quarter. Finally, KG&L Capital Management LLC increased its stake in shares of Wendys by 1.5% during the 3rd quarter. KG&L Capital Management LLC now owns 58,850 shares of the restaurant operator’s stock worth $1,175,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 72.17% 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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