Wendys Co (NASDAQ:WEN) has been assigned an average rating of “Hold” from the twenty-one analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.70.

Several brokerages have recently issued reports on WEN. BidaskClub cut Wendys from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of Wendys in a report on Friday, August 17th. Bank of America lifted their target price on Wendys from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Morgan Stanley lifted their target price on Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, August 17th. Finally, Mizuho set a $21.00 target price on Wendys and gave the stock a “buy” rating in a report on Thursday, August 16th.

Shares of WEN stock opened at $17.41 on Friday. Wendys has a 1 year low of $13.57 and a 1 year high of $18.68. The firm has a market cap of $4.20 billion, a PE ratio of 40.49, a PEG ratio of 1.47 and a beta of 0.62. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.70 and a current ratio of 1.71.

Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Wendys had a net margin of 15.87% and a return on equity of 23.08%. The firm had revenue of $411.00 million for the quarter. During the same quarter in the previous year, the business posted $0.15 EPS. research analysts expect that Wendys will post 0.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, August 31st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.95%. Wendys’s dividend payout ratio is 79.07%.

Several hedge funds have recently modified their holdings of the company. Aperio Group LLC boosted its position in Wendys by 10.6% during the first quarter. Aperio Group LLC now owns 31,048 shares of the restaurant operator’s stock valued at $545,000 after purchasing an additional 2,969 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Wendys by 13.3% during the second quarter. Oppenheimer & Co. Inc. now owns 26,408 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 3,100 shares during the last quarter. Arizona State Retirement System boosted its position in Wendys by 2.6% during the second quarter. Arizona State Retirement System now owns 124,560 shares of the restaurant operator’s stock valued at $2,140,000 after purchasing an additional 3,118 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Wendys by 0.8% during the first quarter. Neuberger Berman Group LLC now owns 571,918 shares of the restaurant operator’s stock valued at $10,037,000 after purchasing an additional 4,346 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in Wendys by 6.2% during the first quarter. Federated Investors Inc. PA now owns 76,910 shares of the restaurant operator’s stock valued at $1,350,000 after purchasing an additional 4,517 shares during the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.

Wendys Company Profile

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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