Wedbush restated their hold rating on shares of Wendy’s Company (The) (NASDAQ:WEN) in a report issued on Wednesday.

WEN has been the topic of a number of other research reports. Stephens raised their target price on Wendy’s Company (The) from $16.00 to $18.00 and gave the company an overweight rating in a report on Thursday, May 11th. BMO Capital Markets assumed coverage on Wendy’s Company (The) in a research report on Friday, April 21st. They issued an outperform rating and a $17.00 price objective for the company. Royal Bank Of Canada raised their price objective on Wendy’s Company (The) from $11.00 to $15.00 and gave the stock a sector perform rating in a research report on Thursday, May 11th. Vetr downgraded Wendy’s Company (The) from a strong-buy rating to a buy rating and set a $16.92 price objective for the company. in a research report on Monday, May 8th. Finally, BidaskClub downgraded Wendy’s Company (The) from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $15.56.

Wendy’s Company (WEN) traded up 0.85% during trading on Wednesday, reaching $15.39. The company had a trading volume of 2,409,093 shares. The company has a market capitalization of $3.75 billion, a P/E ratio of 39.97 and a beta of 0.97. The stock has a 50 day moving average of $15.56 and a 200-day moving average of $14.73. Wendy’s Company has a 12 month low of $9.82 and a 12 month high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $320.34 million for the quarter, compared to analyst estimates of $298.72 million. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The company’s revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Equities research analysts expect that Wendy’s Company will post $0.47 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.82%. Wendy’s Company (The)’s dividend payout ratio (DPR) is 75.68%.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 26.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WEN. Comerica Bank increased its position in Wendy’s Company (The) by 0.3% in the first quarter. Comerica Bank now owns 250,626 shares of the restaurant operator’s stock valued at $3,707,000 after buying an additional 685 shares during the last quarter. Bank of New York Mellon Corp increased its position in Wendy’s Company (The) by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 2,761,913 shares of the restaurant operator’s stock valued at $37,590,000 after buying an additional 65,727 shares during the last quarter. Dorsey Wright & Associates increased its position in Wendy’s Company (The) by 2.1% in the first quarter. Dorsey Wright & Associates now owns 31,257 shares of the restaurant operator’s stock valued at $425,000 after buying an additional 657 shares during the last quarter. Elkfork Partners LLC increased its position in Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 132 shares during the last quarter. Finally, AMG National Trust Bank increased its position in Wendy’s Company (The) by 12.2% in the first quarter. AMG National Trust Bank now owns 41,360 shares of the restaurant operator’s stock valued at $563,000 after buying an additional 4,483 shares during the last quarter. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

Wendy’s Company (The) 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 Wendy`s Company (The) (NASDAQ:WEN)

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