Wendys (WEN) Downgraded by BidaskClub

Wendys (NASDAQ:WEN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other equities analysts also recently issued reports on WEN. Barclays reiterated an “overweight” rating and set a $20.00 price objective (up from $17.00) on shares of Wendys in a research report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and set a $18.00 price objective on shares of Wendys in a research report on Monday, October 2nd. Stifel Nicolaus began coverage on Wendys in a research report on Monday, October 2nd. They set a “buy” rating and a $18.00 price objective for the company. Longbow Research downgraded Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Friday, January 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Wendys from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.94.

Shares of Wendys (NASDAQ:WEN) traded up $0.01 during midday trading on Friday, hitting $16.84. The stock had a trading volume of 3,470,000 shares, compared to its average volume of 2,972,587. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.78 and a current ratio of 1.80. The firm has a market capitalization of $4,078.60, a P/E ratio of 67.36, a PEG ratio of 1.91 and a beta of 0.93. Wendys has a fifty-two week low of $13.03 and a fifty-two week high of $17.66.

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

In related news, insider Scott A. Weisberg purchased 10,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were bought 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 owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Wendys by 0.4% in 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 buying an additional 423 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Wendys by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 692 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Wendys by 1.9% in the second quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock valued at $1,102,000 after buying an additional 1,304 shares in the last quarter. WFG Advisors LP increased its holdings in shares of Wendys by 50.2% in the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 2,344 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Wendys by 6.6% in the second quarter. Thrivent Financial For Lutherans now owns 38,584 shares of the restaurant operator’s stock valued at $598,000 after buying an additional 2,390 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.

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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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