The Barclays PLC Raises Wendys Co (WEN) Price Target to $18.00

The Barclays PLC Raises Wendys Co (WEN) Price Target to $18.00

Other equities research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. set a $18.00 target price on shares of Wendys and gave the stock a buy rating in a research note on Thursday, May 11th. Royal Bank of Canada increased their price target on shares of Wendys from $11.00 to $15.00 and gave the stock a sector perform rating in a report on Thursday, May 11th. Instinet reissued a neutral rating and set a $15.00 price target (up from $11.00) on shares of Wendys in a report on Thursday, May 11th. Zacks Investment Research cut shares of Wendys from a buy rating to a hold rating in a report on Monday, April 24th. Finally, Stephens reissued an overweight rating and set a $16.00 price target on shares of Wendys in a report on Thursday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $14.87.

Wendys Co (NASDAQ:WEN) had its target price increased by Barclays PLC from $17.00 to $18.00 in a research note released on Wednesday. They currently have an overweight rating on the restaurant operator’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.71%. Wendys’s dividend payout ratio (DPR) is presently 38.24%. A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tyers Asset Management LLC boosted its position in shares of Wendys by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares during the period. Pacad Investment Ltd. boosted its position in shares of Wendys by 0.6% in the fourth quarter. Pacad Investment Ltd. now owns 17,600 shares of the restaurant operator’s stock worth $238,000 after buying an additional 100 shares during the period. Elkfork Partners LLC boosted its position in shares of Wendys by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of Wendys by 1.3% in the first quarter. Meadow Creek Investment Management LLC now owns 13,244 shares of the restaurant operator’s stock worth $180,000 after buying an additional 168 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Wendys by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock worth $219,000 after buying an additional 204 shares during the period. 83.19% of the stock is owned by institutional investors.

Wendys Company Profile The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WEN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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