Wendys Co (NASDAQ:WEN) – Investment analysts at SunTrust Banks dropped their Q4 2020 EPS estimates for shares of Wendys in a research note issued to investors on Wednesday, November 6th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $0.21 per share for the quarter, down from their previous estimate of $0.22. SunTrust Banks has a “Buy” rating and a $26.00 price target on the stock.
WEN has been the topic of a number of other research reports. BidaskClub lowered shares of Wendys from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. BTIG Research lowered shares of Wendys from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th. Stephens set a $24.00 target price on shares of Wendys and gave the company a “buy” rating in a report on Friday, October 11th. MKM Partners set a $20.00 target price on shares of Wendys and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Longbow Research set a $25.00 target price on shares of Wendys and gave the company a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the stock. Wendys currently has an average rating of “Hold” and an average target price of $21.70.
Shares of NASDAQ:WEN traded down $0.33 during trading on Friday, reaching $20.65. The company had a trading volume of 3,309,900 shares, compared to its average volume of 3,322,713. The company has a fifty day moving average of $20.76 and a two-hundred day moving average of $19.83. The stock has a market capitalization of $4.81 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.67. Wendys has a 12 month low of $14.96 and a 12 month high of $22.84. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67.
Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. The business had revenue of $437.88 million for the quarter, compared to analyst estimates of $434.45 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. Wendys’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Holocene Advisors LP lifted its position in shares of Wendys by 2,361.6% in the 2nd quarter. Holocene Advisors LP now owns 1,669,013 shares of the restaurant operator’s stock worth $32,679,000 after purchasing an additional 1,601,211 shares during the period. US Bancorp DE lifted its position in shares of Wendys by 12.0% in the 2nd quarter. US Bancorp DE now owns 269,381 shares of the restaurant operator’s stock worth $5,274,000 after purchasing an additional 28,826 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Wendys by 3,181.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 166,328 shares of the restaurant operator’s stock worth $3,257,000 after purchasing an additional 161,260 shares during the period. Greenleaf Trust purchased a new stake in shares of Wendys in the 2nd quarter worth about $12,300,000. Finally, Menta Capital LLC lifted its position in shares of Wendys by 21.0% in the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock worth $1,277,000 after purchasing an additional 11,318 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.
In other Wendys news, insider E.J. Wunsch sold 3,694 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $20.51, for a total transaction of $75,763.94. Following the completion of the sale, the insider now owns 52,449 shares of the company’s stock, valued at approximately $1,075,728.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the sale, the director now directly owns 5,444,270 shares of the company’s stock, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. Insiders have sold a total of 2,478,694 shares of company stock valued at $49,468,264 in the last three months. 20.90% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 2.32%. This is a boost from Wendys’s previous quarterly dividend of $0.10. Wendys’s dividend payout ratio is presently 67.80%.
Wendys Company Profile
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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