Shares of Wendys Co (NASDAQ:WEN) have been given an average rating of “Hold” by the twenty-one analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.23.

A number of analysts have recently issued reports on WEN shares. Zacks Investment Research lowered shares of Wendys from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Credit Suisse Group decreased their price target on shares of Wendys from $15.75 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Morgan Stanley raised their price target on shares of Wendys from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 9th. Royal Bank of Canada reissued a “hold” rating and set a $16.00 price target on shares of Wendys in a research report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Wendys from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

In other Wendys news, insider Scott A. Weisberg acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $14.29 per share, with a total value of $142,900.00. Following the completion of the acquisition, the insider now directly owns 199,014 shares in the company, valued at approximately $2,843,910.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider E.J. Wunsch sold 3,548 shares of Wendys stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. Insiders own 26.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sigma Planning Corp boosted its holdings in shares of Wendys by 0.5% during the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after acquiring an additional 51 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Wendys by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock valued at $257,000 after acquiring an additional 414 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Wendys by 0.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock valued at $1,611,000 after acquiring an additional 423 shares during the period. Arizona State Retirement System boosted its holdings in shares of Wendys by 0.7% during the second quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock valued at $1,252,000 after acquiring an additional 600 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wendys by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 692 shares during the period. 76.42% of the stock is owned by institutional investors.

Wendys (NASDAQ:WEN) traded up $0.24 on Thursday, hitting $15.63. 2,697,255 shares of the stock were exchanged, compared to its average volume of 2,931,112. The stock has a market capitalization of $3,740.00, a price-to-earnings ratio of 37.54, a P/E/G ratio of 2.71 and a beta of 0.93. Wendys has a 12 month low of $13.03 and a 12 month high of $16.66. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $308.00 million for the quarter. Wendys had a net margin of 5.20% and a return on equity of 20.35%. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. analysts forecast that Wendys will post 0.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, November 30th. Wendys’s dividend payout ratio is presently 112.00%.

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Wendys 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.

Analyst Recommendations for Wendys (NASDAQ:WEN)

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