Several brokerages have updated their recommendations and price targets on shares of Wendy’s Company (The) (NASDAQ: WEN) in the last few weeks:

  • 11/9/2017 – Wendy’s Company (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/9/2017 – Wendy’s Company (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wendy’s shares have underperformed the industry year to date. Third-quarter 2017 adjusted earnings of 9 cents per share missed the Zacks Consensus Estimate by 25%. Moreover, earnings declined 18.2% year over year owing to lower revenues. Revenues of $308 million lagged the consensus mark by a slight margin and declined 15.4% year over year. Revenues have been declining over the past few quarters due toreduced number of company-operated restaurants. Though Wendy’s transition to a franchise-based business model is expected to lower the company’s G&A expenses, thereby boosting earnings 2017 onwards, it may continue to weigh on its revenues. Initiatives like Image Activation program along with focus on menu innovation, delivery, technology-related offerings and global expansion bode well. Yet, higher labor and commodity costs as well as a soft industry backdrop raise concerns.”
  • 11/9/2017 – Wendy’s Company (The) had its price target raised by analysts at Morgan Stanley from $16.00 to $17.00. They now have an “underweight” rating on the stock.
  • 11/9/2017 – Wendy’s Company (The) had its price target lowered by analysts at Nomura from $15.00 to $14.50. They now have a “neutral” rating on the stock.
  • 11/9/2017 – Wendy’s Company (The) had its price target lowered by analysts at Credit Suisse Group AG from $15.75 to $15.00. They now have a “neutral” rating on the stock.
  • 11/9/2017 – Wendy’s Company (The) had its price target lowered by analysts at BMO Capital Markets from $19.00 to $17.00. They now have an “outperform” rating on the stock.
  • 11/8/2017 – Wendy’s Company (The) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 11/7/2017 – Wendy’s Company (The) had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $16.00 price target on the stock.
  • 10/12/2017 – Wendy’s Company (The) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wendy’s shares have outpaced the industry year to date. Sales initiatives like menu innovation and promotional offerings are driving growth. Increased investments in technology should quicken service and thus, result in increased customer count. Reimaging of its restaurants is also expected to boost traffic and drive higher sales. Continual expansion of delivery service bodes well too. Yet, Wendy’s revenues have been declining year over year over the past few quarters due to reduced number of company-operated restaurants. Though Wendy’s transition to a franchise-based business model has been weighing on revenues, it is expected to lower Wendy’s general and administrative expenses and in turn boost earnings, 2017 onwards. Moreover, the company’s international business is poised to be a long-term growth driver. Yet, rising costs and a soft consumer spending environment in the U.S.restaurant space raises concern.”
  • 10/5/2017 – Wendy’s Company (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wendy’s revenues have been declining year over year over the past few quarters. The downside reflects a reduction in the number of company-operated restaurants. Though transition to a franchise-based business model is expected to lower Wendy’s general and administrative expenses and in turn boost earnings, 2017 onwards, it has been weighing on revenues in the near term. Nonetheless, various sales and technology initiatives along with international expansion of units are expected to drive growth. Meanwhile, Wendy’s shares have outperformed the industry over the past three months. However, earnings estimates for the current quarter and year have declined over the past two months, reflecting analysts’ pessimism about the stock’s prospects. Rising costs, incremental capital spending along with a soft industry backdrop add to the concerns.”
  • 10/2/2017 – Wendy’s Company (The) had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $18.00 price target on the stock.
  • 10/2/2017 – Wendy’s Company (The) is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $18.00 price target on the stock.
  • 9/18/2017 – Wendy’s Company (The) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/15/2017 – Wendy’s Company (The) was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $15.23.

Shares of Wendy’s Company (NASDAQ:WEN) traded down $0.16 during trading hours on Tuesday, hitting $14.34. The company had a trading volume of 8,863,100 shares, compared to its average volume of 2,856,055. The company has a market cap of $3,511.85, a P/E ratio of 35.37, a PEG ratio of 2.55 and a beta of 0.94. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. Wendy’s Company has a 52 week low of $11.45 and a 52 week high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Wendy’s Company (The) had a return on equity of 20.35% and a net margin of 5.20%. The business had revenue of $308.00 million during the quarter. During the same period last year, the firm earned $0.11 EPS. Wendy’s Company (The)’s revenue for the quarter was down 15.4% compared to the same quarter last year. research analysts predict that Wendy’s Company will post 0.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.07 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.95%. Wendy’s Company (The)’s payout ratio is 112.00%.

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

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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