Q3 2021 EPS Estimates for The Wendy’s Company Decreased by Analyst (NASDAQ:WEN)

The Wendy’s Company (NASDAQ:WEN) – Research analysts at KeyCorp decreased their Q3 2021 EPS estimates for shares of The Wendy’s in a research note issued on Wednesday, May 12th. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.20. KeyCorp also issued estimates for The Wendy’s’ Q1 2022 earnings at $0.20 EPS, Q3 2022 earnings at $0.22 EPS, Q4 2022 earnings at $0.20 EPS and Q4 2022 earnings at $0.20 EPS.

The Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, May 12th. The restaurant operator reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $443.02 million. The Wendy’s had a return on equity of 21.11% and a net margin of 6.70%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS.

Other equities analysts also recently issued reports about the company. Telsey Advisory Group restated an “outperform” rating on shares of The Wendy’s in a report on Thursday, March 4th. Argus reiterated a “hold” rating on shares of The Wendy’s in a report on Monday, March 29th. TheStreet upgraded The Wendy’s from a “c+” rating to a “b” rating in a report on Friday, May 7th. Wedbush raised their target price on The Wendy’s from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on The Wendy’s from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, April 12th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.50.

The Wendy’s stock opened at $23.40 on Friday. The stock’s 50-day moving average is $21.93 and its 200-day moving average is $21.62. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.42 and a quick ratio of 1.41. The Wendy’s has a 12 month low of $18.86 and a 12 month high of $24.91.

Institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank boosted its position in The Wendy’s by 4.7% during the 4th quarter. Huntington National Bank now owns 24,121 shares of the restaurant operator’s stock valued at $529,000 after purchasing an additional 1,079 shares during the period. Pflug Koory LLC boosted its position in The Wendy’s by 30.4% during the 4th quarter. Pflug Koory LLC now owns 3,657 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 852 shares during the period. Boenning & Scattergood Inc. boosted its position in The Wendy’s by 15.0% during the 4th quarter. Boenning & Scattergood Inc. now owns 15,360 shares of the restaurant operator’s stock valued at $337,000 after purchasing an additional 2,000 shares during the period. Kestra Advisory Services LLC raised its stake in The Wendy’s by 16.0% during the 4th quarter. Kestra Advisory Services LLC now owns 20,028 shares of the restaurant operator’s stock valued at $440,000 after acquiring an additional 2,757 shares in the last quarter. Finally, PDS Planning Inc raised its stake in The Wendy’s by 43.2% during the 4th quarter. PDS Planning Inc now owns 14,099 shares of the restaurant operator’s stock valued at $309,000 after acquiring an additional 4,250 shares in the last quarter. Institutional investors own 69.37% of the company’s stock.

In other news, insider E.J. Wunsch bought 7,500 shares of the firm’s stock in a transaction dated Friday, March 5th. The stock was bought at an average price of $18.98 per share, for a total transaction of $142,350.00. Following the transaction, the insider now owns 80,477 shares in the company, valued at $1,527,453.46. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 20.90% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be given a $0.10 dividend. This is a positive change from The Wendy’s’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The Wendy’s’s dividend payout ratio (DPR) is presently 61.02%.

About The Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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Earnings History and Estimates for The Wendy`s (NASDAQ:WEN)

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