Wendy’s Company (The) (NASDAQ:WEN) was upgraded by research analysts at Longbow Research from a “neutral” rating to a “buy” rating in a report released on Friday, The Fly reports.

Several other research firms have also commented on WEN. Barclays PLC lifted their price target on Wendy’s Company (The) from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 31st. BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a research report on Friday, August 11th. BidaskClub lowered Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. Finally, Zacks Investment Research lowered Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Wendy’s Company (The) currently has an average rating of “Hold” and a consensus price target of $15.64.

Shares of Wendy’s Company (NASDAQ WEN) opened at 15.19 on Friday. The firm’s 50-day moving average price is $15.12 and its 200 day moving average price is $14.91. Wendy’s Company has a 52 week low of $10.47 and a 52 week high of $16.66. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 39.45 and a beta of 1.00.

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

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Several institutional investors have recently bought and sold shares of WEN. BlackRock Inc. raised its stake in shares of Wendy’s Company (The) by 11,068.4% during the first quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after acquiring an additional 15,253,200 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Wendy’s Company (The) during the second quarter valued at approximately $189,448,000. Victory Capital Management Inc. increased its holdings in Wendy’s Company (The) by 81.5% during the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock valued at $106,509,000 after buying an additional 3,512,866 shares during the period. Castleark Management LLC purchased a new position in Wendy’s Company (The) during the second quarter valued at approximately $14,085,000. Finally, Renaissance Technologies LLC increased its holdings in Wendy’s Company (The) by 208.7% during the second quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock valued at $18,744,000 after buying an additional 817,040 shares during the period. 76.46% of the stock is owned by hedge funds and other 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.

The Fly

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

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