The price of The Wendy’s Company (NASDAQ:WEN) shares last traded on Wall Street rose 0.36% to $22.44.
Based on available information, 27 analysts follow The Wendy’s Company (NASDAQ:WEN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $29.00 and a low of $21.00, we find $25.00. Given the previous closing price of $22.36, this indicates a potential upside of 11.81 percent. WEN stock price is now 1.90% away from the 50-day moving average and 4.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.75B.
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Among analysts, 14 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $25.26 as their price target over the next twelve months.
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In other news, Peltz Matthew H., Director sold 529,417 shares of the company’s stock on May 22. The stock was sold for $12,035,501 at an average price of $22.73. Upon completion of the transaction, the Director now directly owns 21,176,353 shares in the company, valued at $475.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, Director PELTZ NELSON sold 529,417 shares of the business’s stock. A total of $12,035,501 was realized by selling the stock at an average price of $22.73. This leaves the insider owning 21,176,353 shares of the company worth $475.2 million. Insiders disposed of 14,769,928 shares of company stock worth roughly $331.44 million over the past 1 year. A total of 7.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WEN stock. A new stake in The Wendy’s Company shares was purchased by LOS ANGELES CAPITAL MANAGEMENT LLC during the first quarter worth $9,884,000. STORMBORN CAPITAL MANAGEMENT, LLC invested $5,610,000 in shares of WEN during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in The Wendy’s Company valued at approximately $4,629,000. NINE27 CAPITAL MANAGEMENT, LP acquired a new stake in WEN for approximately $4,488,000. NATIXIS purchased a new stake in WEN valued at around $3,608,000 in the second quarter. In total, there are 454 active investors with 71.90% ownership of the company’s stock.
A candlestick chart of The Wendy’s Company (NASDAQ: WEN) showed a price of $22.33 on Wednesday morning. During the past 12 months, The Wendy’s Company has had a low of $16.11 and a high of $23.90. As of last week, the company has a debt-to-equity ratio of 8.11, a current ratio of 2.50, and a quick ratio of 2.50. According to the stock market information, the enterprise value for the company is $8.51B, which is based on a 26.84 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for WEN is $22.06 and a two-hundred day moving average price translates $21.48 for the stock.
The latest earnings results from The Wendy’s Company (NASDAQ: WEN) was released for Apr, 2023. According to the Restaurants Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.2 by 0.01. This compares to $0.17 EPS in the same period last year. The net profit margin was 8.40% and return on equity was 41.20% for WEN. The company reported revenue of $528.81 million for the quarter, compared to $488.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.22 percent. For the current quarter, analysts expect WEN to generate $567.08M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 4.46% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, WEN is presently at 74.10%.
The Wendy’s Company(WEN) Company Profile
The Wendy’s Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy’s U.S., Wendy’s International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company also owns and leases real estate properties. The company was formerly known as Wendy’s/Arby’s Group, Inc. and changed its name to The Wendy’s Company in July 2011. The Wendy’s Company was founded in 1969 and is headquartered in Dublin, Ohio.
