Wendy’s Company (The) (NASDAQ:WEN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

WEN has been the subject of a number of other research reports. Vetr lowered Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 target price for the company. in a research report on Wednesday, May 24th. Barclays PLC upped their price target on shares of Wendy’s Company (The) from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Sanford C. Bernstein reiterated a “market perform” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $17.00 price objective on shares of Wendy’s Company (The) in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.64.

Wendy’s Company (NASDAQ:WEN) traded up 0.63% on Friday, reaching $14.37. 4,062,890 shares of the company’s stock traded hands. Wendy’s Company has a 12 month low of $10.09 and a 12 month high of $16.66. The company has a market cap of $3.50 billion, a PE ratio of 37.32 and a beta of 1.00. The firm’s 50 day moving average price is $15.22 and its 200 day moving average price is $14.87.

Wendy’s Company (The) (NASDAQ:WEN) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The firm had revenue of $320.34 million for the quarter. During the same quarter last year, the firm posted $0.10 EPS. The business’s quarterly revenue was down 16.3% on a year-over-year basis. On average, equities analysts expect that Wendy’s Company will post $0.47 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tyers Asset Management LLC lifted its stake in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 96 shares during the last quarter. WFG Advisors LP lifted its stake in shares of Wendy’s Company (The) by 50.2% in the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 2,344 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Wendy’s Company (The) by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares during the last quarter. Elkfork Partners LLC raised its holdings in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 132 shares during the period. Finally, Riverhead Capital Management LLC raised its holdings in shares of Wendy’s Company (The) by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after buying an additional 4,012 shares during the period. 76.46% of the stock is currently owned by institutional investors.

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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