Wendy’s Company (The) (NASDAQ:WEN) has received an average rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.93.

Several equities analysts have issued reports on the stock. SunTrust Banks, Inc. set a $18.00 target price on shares of Wendy’s Company (The) and gave the company a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Vetr cut shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 target price on the stock. in a research note on Wednesday, May 24th. BidaskClub cut shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a research note on Thursday, June 22nd.

In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.70% of the company’s stock.

A number of large investors have recently made changes to their positions in WEN. Federated Investors Inc. PA raised its stake in shares of Wendy’s Company (The) by 1.7% in the fourth quarter. Federated Investors Inc. PA now owns 74,792 shares of the restaurant operator’s stock worth $1,011,000 after buying an additional 1,232 shares during the period. Franklin Resources Inc. raised its stake in shares of Wendy’s Company (The) by 8.0% in the fourth quarter. Franklin Resources Inc. now owns 15,201 shares of the restaurant operator’s stock worth $206,000 after buying an additional 1,121 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Wendy’s Company (The) by 7.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,254 shares of the restaurant operator’s stock worth $463,000 after buying an additional 2,230 shares during the period. Norges Bank bought a new stake in shares of Wendy’s Company (The) during the fourth quarter worth about $22,615,000. Finally, Gateway Investment Advisers LLC raised its stake in shares of Wendy’s Company (The) by 38.3% in the first quarter. Gateway Investment Advisers LLC now owns 613,689 shares of the restaurant operator’s stock worth $8,352,000 after buying an additional 169,793 shares during the period. 77.35% of the stock is owned by institutional investors and hedge funds.

Wendy’s Company (NASDAQ WEN) traded up 0.13% during mid-day trading on Monday, reaching $15.66. 1,203,400 shares of the company were exchanged. The company has a market capitalization of $3.84 billion, a PE ratio of 31.76 and a beta of 0.97. The stock has a 50-day moving average price of $15.79 and a 200 day moving average price of $14.33. Wendy’s Company has a one year low of $9.33 and a one year high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $285.82 million for the quarter. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. Wendy’s Company (The)’s revenue was down 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. Analysts predict that Wendy’s Company will post $0.46 EPS for the current year.

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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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