Wendys Co (NASDAQ:WEN) – Investment analysts at KeyCorp dropped their Q4 2019 EPS estimates for shares of Wendys in a report released on Wednesday, November 6th. KeyCorp analyst E. Gonzalez now forecasts that the restaurant operator will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.11. KeyCorp has a “Hold” rating on the stock.
Several other analysts also recently issued reports on WEN. Telsey Advisory Group upped their price objective on shares of Wendys from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI set a $20.00 price objective on shares of Wendys and gave the stock a “hold” rating in a report on Wednesday, August 7th. MKM Partners set a $20.00 price objective on shares of Wendys and gave the stock a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Co upped their price objective on shares of Wendys from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Finally, Zacks Investment Research downgraded shares of Wendys from a “hold” rating to a “sell” rating and set a $22.00 price objective for the company. in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.70.
Shares of NASDAQ WEN traded down $0.33 during trading hours on Friday, hitting $20.65. 3,309,908 shares of the stock were exchanged, compared to its average volume of 3,322,713. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.97 and a quick ratio of 1.96. The company’s 50 day moving average is $20.76 and its 200 day moving average is $19.82. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.00, a P/E/G ratio of 3.00 and a beta of 0.67. Wendys has a one year low of $14.96 and a one year high of $22.84.
Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The business had revenue of $437.88 million during the quarter, compared to the consensus estimate of $434.45 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. Wendys’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS.
Institutional investors have recently made changes to their positions in the stock. Coastal Capital Group Inc. acquired a new stake in Wendys in the 2nd quarter valued at about $30,000. Coastal Investment Advisors Inc. boosted its stake in shares of Wendys by 116.6% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 978 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Wendys by 65.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 849 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of Wendys by 226.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 2,658 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Wendys in the 2nd quarter valued at about $99,000. Institutional investors and hedge funds own 76.34% of the company’s stock.
In related news, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 5,444,270 shares in the company, valued at approximately $108,722,071.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.90, for a total transaction of $9,452,500.00. Following the sale, the insider now owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. 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 quarter. 20.90% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Wendys’s previous quarterly dividend of $0.10. Wendys’s dividend payout ratio (DPR) is 67.80%.
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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