ValuEngine Lowers Wendys (NASDAQ:WEN) to Hold

Wendys (NASDAQ:WEN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

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.

Wendys (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Wendys had a return on equity of 24.72% and a net margin of 7.69%. The company had revenue of $437.88 million during the quarter, compared to analyst estimates of $434.45 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Wendys’s revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Wendys will post 0.59 earnings per share for the current year.

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.

About Wendys

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.

Featured Article: How does a dividend reinvestment plan work?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Wendys (NASDAQ:WEN)

Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.