Analysts Set The Wendy’s Company (NASDAQ:WEN) PT at $20.36

The Wendy’s Company (NASDAQ:WEN) has received a consensus recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.36.

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Citigroup upped their price objective on Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Truist Financial lifted their price objective on Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Wolfe Research raised shares of Wendy’s to a “strong-buy” rating in a research note on Friday, September 13th.

Wendy’s Trading Up 0.3 %

NASDAQ:WEN opened at $16.17 on Wednesday. Wendy’s has a 52-week low of $15.61 and a 52-week high of $20.65. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The stock has a fifty day simple moving average of $17.95 and a 200-day simple moving average of $17.55. The company has a market capitalization of $3.30 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The firm had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.50 million. During the same period last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.18%. The ex-dividend date was Monday, December 2nd. Wendy’s’s dividend payout ratio (DPR) is currently 105.26%.

Institutional Trading of Wendy’s

A number of institutional investors have recently modified their holdings of WEN. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wendy’s during the second quarter worth about $27,000. Quarry LP acquired a new stake in Wendy’s in the second quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Wendy’s during the second quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position in shares of Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Wendy’s by 94.7% in the second quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 1,286 shares during the period. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.