Wendys Co (NASDAQ:WEN) – Equities research analysts at Wedbush dropped their FY2019 earnings per share (EPS) estimates for Wendys in a research note issued on Wednesday, November 7th. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $0.64 per share for the year, down from their previous estimate of $0.67. Wedbush currently has a “Buy” rating and a $20.00 target price on the stock.

WEN has been the subject of several other research reports. SunTrust Banks reaffirmed a “buy” rating and set a $22.00 price objective on shares of Wendys in a research report on Friday, August 17th. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. KeyCorp assumed coverage on shares of Wendys in a research report on Wednesday, October 3rd. They set a “sector weight” rating for the company. Mizuho set a $21.00 price objective on shares of Wendys and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley upped their price objective on shares of Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, August 17th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Wendys has a consensus rating of “Buy” and a consensus target price of $19.56.

Shares of Wendys stock opened at $17.42 on Friday. The stock has a market capitalization of $3.94 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53. Wendys has a 52-week low of $13.67 and a 52-week high of $18.68. The company has a debt-to-equity ratio of 3.52, a current ratio of 2.52 and a quick ratio of 1.70.

Wendys (NASDAQ:WEN) last announced its earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $400.55 million during the quarter, compared to analysts’ expectations of $406.39 million. Wendys had a net margin of 40.00% and a return on equity of 23.36%. Wendys’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, November 30th. Wendys’s payout ratio is 79.07%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Wendys by 4.2% during the third quarter. BlackRock Inc. now owns 16,211,392 shares of the restaurant operator’s stock worth $277,863,000 after acquiring an additional 652,622 shares in the last quarter. Wells Fargo & Company MN raised its stake in Wendys by 0.4% during the third quarter. Wells Fargo & Company MN now owns 9,875,077 shares of the restaurant operator’s stock worth $169,259,000 after acquiring an additional 37,221 shares in the last quarter. Victory Capital Management Inc. raised its stake in Wendys by 12.4% during the second quarter. Victory Capital Management Inc. now owns 7,298,631 shares of the restaurant operator’s stock worth $125,391,000 after acquiring an additional 805,335 shares in the last quarter. Janus Henderson Group PLC raised its stake in Wendys by 4.1% during the second quarter. Janus Henderson Group PLC now owns 5,599,181 shares of the restaurant operator’s stock worth $96,194,000 after acquiring an additional 220,039 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Wendys by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 2,577,861 shares of the restaurant operator’s stock worth $44,184,000 after acquiring an additional 110,443 shares in the last quarter. 77.65% of the stock is owned by hedge funds and other institutional investors.

About Wendys

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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Earnings History and Estimates for Wendys (NASDAQ:WEN)

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