Wendy’s Company (The) (WEN) Given New $14.50 Price Target at Nomura

Wendy’s Company (The) (NASDAQ:WEN) had its price target trimmed by Nomura from $15.00 to $14.50 in a report issued on Thursday. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a hold rating and set a $16.00 price target on shares of Wendy’s Company (The) in a report on Friday, August 11th. Morgan Stanley upped their price target on shares of Wendy’s Company (The) from $16.00 to $17.00 and gave the stock an underweight rating in a report on Thursday. Bank of America Corporation reaffirmed a neutral rating and set a $17.00 price target on shares of Wendy’s Company (The) in a report on Monday, August 14th. Stifel Nicolaus assumed coverage on shares of Wendy’s Company (The) in a report on Monday, October 2nd. They set a buy rating and a $18.00 price target for the company. Finally, BidaskClub downgraded shares of Wendy’s Company (The) from a hold rating to a sell rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $15.97.

Shares of Wendy’s Company (NASDAQ WEN) traded down $0.19 during trading on Thursday, hitting $14.50. 4,060,500 shares of the stock were exchanged, compared to its average volume of 2,828,500. Wendy’s Company has a 12 month low of $11.20 and a 12 month high of $16.66. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.91 and a current ratio of 1.80. The company has a market cap of $3,557.87, a P/E ratio of 35.83, a PEG ratio of 2.50 and a beta of 0.94.

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Wendy’s Company (The) had a return on equity of 20.35% and a net margin of 5.20%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $308.59 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue was down 15.4% on a year-over-year basis. equities analysts predict that Wendy’s Company will post 0.44 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 30th. Wendy’s Company (The)’s payout ratio is currently 112.00%.

In other news, insider E.J. Wunsch sold 3,548 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. WFG Advisors LP increased its position in shares of Wendy’s Company (The) by 50.2% during the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock worth $109,000 after buying an additional 2,344 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wendy’s Company (The) by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after buying an additional 692 shares during the period. Riverhead Capital Management LLC increased its position in shares of Wendy’s Company (The) by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock worth $144,000 after buying an additional 4,012 shares during the period. Sigma Planning Corp increased its position in shares of Wendy’s Company (The) by 0.5% during the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after buying an additional 51 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Wendy’s Company (The) during the second quarter worth $219,000. Institutional investors own 76.55% of the company’s stock.

About Wendy’s Company (The)

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.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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