WEN has been the subject of several other research reports. Longbow Research set a $25.00 price objective on Wendys and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus raised Wendys from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $25.00 in a report on Monday, November 25th. BMO Capital Markets boosted their price objective on Wendys from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Co boosted their price objective on Wendys from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Finally, Guggenheim downgraded Wendys from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. Wendys has an average rating of “Hold” and an average target price of $21.80.
Shares of NASDAQ WEN opened at $21.99 on Tuesday. Wendys has a 12 month low of $14.96 and a 12 month high of $22.84. The company has a current ratio of 2.00, a quick ratio of 1.99 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 3.20 and a beta of 0.64. The business has a 50-day moving average of $21.08 and a 200-day moving average of $20.09.
In other Wendys news, CAO Leigh A. Burnside sold 13,335 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $20.95, for a total value of $279,368.25. Following the completion of the sale, the chief accounting officer now owns 43,214 shares in the company, valued at $905,333.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider E.J. Wunsch sold 3,694 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $20.51, for a total value of $75,763.94. Following the completion of the sale, the insider now owns 52,449 shares of the company’s stock, valued at approximately $1,075,728.99. The disclosure for this sale can be found here. Insiders sold 300,762 shares of company stock valued at $6,409,994 in the last quarter. Corporate insiders own 20.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WEN. Coastal Capital Group Inc. bought a new position in shares of Wendys during the second quarter valued at approximately $30,000. Coastal Investment Advisors Inc. raised its holdings in shares of Wendys by 116.6% during the second quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 978 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Wendys by 65.2% during the second quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 849 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Wendys during the second quarter valued at approximately $99,000. Finally, Cribstone Capital Management LLC bought a new position in shares of Wendys during the third quarter valued at approximately $113,000. Hedge funds and other institutional investors own 72.17% of the company’s stock.
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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