Medicine

What's The Story Behind The Wendy's Company (NASDAQ:WEN)

What's The Story Behind The Wendy's Company (NASDAQ:WEN)

The average 12 month price target among analysts that have updated their coverage on the stock in the previous year is $16.77. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, November 8th. According to their predictions high & low revenue estimates are 325.2 Million and 306.31 Million respectively.

Todd Penegor, the CEO and President of Wendys, expressed that in the past year they have grown their global portfolio by over 60 net new restaurants. The company had revenue of $308.00 million during the quarter. LS Investment Advisors LLC now owns 13,324 shares of the company's stock valued at $128,000 after buying an additional 5,350 shares in the last quarter.

Institutions own 81.97% of The Wendy's Company (WEN)'s shares. It also makes, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and other miscellaneous applications.

In the past 5 years, the stock showed growth of 15.95% per annum. Zacks Investment Research lowered shares of Wendys from a "hold" rating to a "sell" rating in a research note on Thursday, November 9th. They issued a "buy" rating and a $18.00 target price for the company. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $11.00 target price on shares of Wendy's Company (The) in a report on Wednesday, December 7th. Finally, SunTrust Banks boosted their price target on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd.

More news: BidaskClub Downgrades International Speedway (ISCA) to Strong Sell

The Wendy's Company (WEN) belonging to the Consumer Cyclical sector has declined -0.06% and closed its last trading session at $17.33. 8,177,875 shares of the company's stock were exchanged, compared to its average volume of 4,060,500. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. The stock has a market capitalization of $4,160.00, a PE ratio of 69.32, a PEG ratio of 2.24 and a beta of 0.93.

The stock is now showing YTD performance of 5.54 Percent.

Several hedge funds have recently bought and sold shares of WEN. WFG Advisors LP grew its stake in Wendys by 50.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 purchasing an additional 692 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Wendys by 2.8% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator's stock worth $144,000 after buying an additional 4,012 shares in the last quarter. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.

In related news, insider Scott A. Weisberg purchased 10,000 shares of Wendys stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $14.29 per share, with a total value of $142,900.00. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Stockholders of record on Friday, December 1st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The firm has "Buy" rating by Goldman Sachs given on Thursday, November 19. Wendys's payout ratio is 112.00%.

The Wendy's Company (NASDAQ:WEN) gross margin percentage stands at 57% while its operating margin for the past trailing twelve month is 18.6 percent and its overall profit margin (ttm) is 5.2 Percent. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & global copyright legislation. Fund Mngmt Sa holds 0.01% of its portfolio in The Wendy's Company (NASDAQ:WEN) for 125,400 shares. 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 the restaurant company specializing in the hamburger sandwich segment.


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