The Wendys Co (WEN) Earns Neutral Rating from Instinet

The Wendys Co (WEN) Earns Neutral Rating from Instinet

WEN has been the topic of a number of other research reports. Zacks Investment Research raised Wendys from a sell rating to a hold rating in a report on Thursday, February 2nd. Wedbush reaffirmed a neutral rating and set a $14.00 price objective on shares of Wendys in a report on Saturday, January 28th. BMO Capital Markets began coverage on Wendys in a report on Friday, April 21st. They set an outperform rating and a $17.00 price objective on the stock. Vetr lowered Wendys from a strong-buy rating to a buy rating and set a $16.92 price objective on the stock. in a report on Monday, May 8th. Finally, JPMorgan Chase & Co. raised Wendys from a neutral rating to an overweight rating and set a $15.00 price objective on the stock in a report on Friday, February 24th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Wendys has an average rating of Hold and an average price target of $14.87.

Instinet reaffirmed their neutral rating on shares of Wendys Co (NASDAQ:WEN) in a research note published on Thursday, May 11th. Instinet currently has a $15.00 price objective on the restaurant operator’s stock, up from their previous price objective of $11.00.

Shares of Wendys (NASDAQ WEN) opened at 16.42 on Thursday. Wendys has a 52 week low of $9.15 and a 52 week high of $16.66. The stock’s 50 day moving average is $15.36 and its 200-day moving average is $13.96. The firm has a market cap of $4.03 billion, a PE ratio of 33.31 and a beta of 0.97. Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Wendys had a return on equity of 16.62% and a net margin of 11.74%. The business had revenue of $285.82 million during the quarter. During the same quarter last year, the company earned $0.11 EPS. Wendys’s revenue for the quarter was down 24.6% compared to the same quarter last year. On average, equities analysts predict that Wendys will post $0.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 30th. Wendys’s payout ratio is currently 38.24%. A number of hedge funds have recently made changes to their positions in WEN. Piedmont Investment Advisors LLC increased its stake in shares of Wendys by 131.2% in the first quarter. Piedmont Investment Advisors LLC now owns 74,233 shares of the restaurant operator’s stock valued at $1,010,000 after buying an additional 42,121 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Wendys by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,887,840 shares of the restaurant operator’s stock valued at $25,694,000 after buying an additional 622,019 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Wendys during the first quarter valued at about $1,241,000. Janus Capital Management LLC boosted its position in shares of Wendys by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock valued at $184,861,000 after buying an additional 85,084 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Wendys by 2.2% in the first quarter. HighTower Advisors LLC now owns 34,578 shares of the restaurant operator’s stock valued at $473,000 after buying an additional 733 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

About Wendys 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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