Royal Bank of Canada reiterated their hold rating on shares of Wendys (NASDAQ:WEN) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. Royal Bank of Canada currently has a $22.00 target price on the restaurant operator’s stock.
Other equities research analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on Wendys from $22.00 to $24.00 and gave the stock an equal weight rating in a report on Thursday, December 19th. Tigress Financial reissued a buy rating on shares of Wendys in a report on Thursday, December 19th. Stephens set a $24.00 price objective on Wendys and gave the stock a buy rating in a report on Friday, October 11th. Wedbush lifted their price objective on Wendys from $20.00 to $22.00 and gave the stock a neutral rating in a report on Monday, October 14th. Finally, BidaskClub lowered Wendys from a hold rating to a sell rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $22.07.
Shares of Wendys stock traded down $0.11 during trading hours on Thursday, hitting $22.09. 2,270,580 shares of the company’s stock traded hands, compared to its average volume of 2,257,255. Wendys has a 12-month low of $16.25 and a 12-month high of $22.84. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 3.04 and a beta of 0.65. The company has a fifty day simple moving average of $21.90 and a 200-day simple moving average of $20.79. The company has a debt-to-equity ratio of 5.62, a current ratio of 2.00 and a quick ratio of 1.99.
Wendys (NASDAQ:WEN) last announced its earnings results 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. Wendys had a return on equity of 24.72% and a net margin of 7.69%. The firm had revenue of $437.88 million during the quarter, compared to analyst estimates of $434.45 million. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Wendys will post 0.59 EPS for the current fiscal year.
In other Wendys news, CAO Leigh A. Burnside sold 13,335 shares of Wendys stock in a transaction dated Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $905,333.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd Allan Penegor sold 283,733 shares of Wendys stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $21.34, for a total value of $6,054,862.22. Following the transaction, the chief executive officer now directly owns 685,029 shares of the company’s stock, valued at approximately $14,618,518.86. The disclosure for this sale can be found here. 20.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. State of Michigan Retirement System boosted its position in shares of Wendys by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 54,143 shares of the restaurant operator’s stock valued at $1,203,000 after acquiring an additional 600 shares during the last quarter. Beacon Financial Advisory LLC bought a new stake in shares of Wendys during the 4th quarter valued at about $449,000. Valeo Financial Advisors LLC boosted its position in shares of Wendys by 5.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,294 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 527 shares during the last quarter. Braun Stacey Associates Inc. boosted its position in shares of Wendys by 30.1% during the 4th quarter. Braun Stacey Associates Inc. now owns 548,680 shares of the restaurant operator’s stock valued at $12,186,000 after acquiring an additional 126,825 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of Wendys during the 4th quarter valued at about $3,595,000. Hedge funds and other institutional investors own 72.10% 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.
Further Reading: What does the Dogs of the Dow mean?
Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.