Wall Street brokerages expect that Wendy’s Company (The) (NASDAQ:WEN) will announce $308.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Wendy’s Company (The)’s earnings, with estimates ranging from $300.78 million to $313.30 million. Wendy’s Company (The) reported sales of $364.01 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.3%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, November 8th.

According to Zacks, analysts expect that Wendy’s Company (The) will report full year sales of $308.27 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.23 billion. For the next financial year, analysts forecast that the firm will post sales of $1.27 billion per share, with estimates ranging from $1.25 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Wendy’s Company (The).

Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%.

A number of research firms have recently issued reports on WEN. BMO Capital Markets restated a “buy” rating on shares of Wendy’s Company (The) in a research report on Friday, August 11th. Zacks Investment Research cut Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub cut Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Wedbush restated a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday, August 9th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.05.

Shares of Wendy’s Company (WEN) opened at 15.41 on Friday. The stock’s 50 day moving average is $15.28 and its 200-day moving average is $15.27. Wendy’s Company has a 52-week low of $10.51 and a 52-week high of $16.66. The firm has a market cap of $3.75 billion, a P/E ratio of 40.03 and a beta of 0.99.

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In other Wendy’s Company (The) news, insider E.J. Wunsch sold 3,548 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 26.50% of the company’s stock.

A number of large investors have recently made changes to their positions in WEN. BlackRock Inc. grew its position in Wendy’s Company (The) by 11,068.4% in 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 during the period. Janus Henderson Group PLC bought a new stake in Wendy’s Company (The) in the second quarter valued at $189,448,000. Castleark Management LLC bought a new stake in Wendy’s Company (The) in the second quarter valued at $14,085,000. Renaissance Technologies LLC grew its position in Wendy’s Company (The) by 208.7% in the second quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock valued at $18,744,000 after acquiring an additional 817,040 shares during the period. Finally, Marshall Wace North America L.P. grew its position in Wendy’s Company (The) by 1,466.4% in the second quarter. Marshall Wace North America L.P. now owns 803,766 shares of the restaurant operator’s stock valued at $12,860,000 after acquiring an additional 752,454 shares during the period. Hedge funds and other institutional investors own 76.44% of the company’s stock.

Wendy’s Company (The) Company Profile

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.

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