The Wendy's Co Receives Average Recommendation of “Hold” from Analysts (NYSE:WEN)
Shares of The Wendy's Co (NYSE:WEN) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, American Banking News.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.14.
The Wendy's Co (NYSE:WEN) opened at 7.90 on Friday. The Wendy's Co has a 1-year low of $7.69 and a 1-year high of $10.27. The stock’s 50-day moving average is $8.16 and its 200-day moving average is $8.56. The company has a market cap of $2.899 billion and a price-to-earnings ratio of 29.66.
The Wendy's Co (NYSE:WEN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $523.40 million for the quarter, compared to the consensus estimate of $515.86 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 19.5% on a year-over-year basis. Analysts expect that The Wendy's Co will post $0.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 28th.
WEN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Wendy's Co in a research note on Monday, August 11th. They now have a $8.50 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of The Wendy's Co in a research note on Friday, July 18th. They set a “buy” rating and a $11.00 price target on the stock. Finally, analysts at Argus downgraded shares of The Wendy's Co from a “buy” rating to a “hold” rating in a research note on Tuesday, June 10th. They now have a $8.50 price target on the stock, down previously from $12.00.
The Wendy’s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
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