In yesterday’s Wall Street session, The Wendy’s Company (NASDAQ:WEN) shares traded at $21.31, down -0.51% from the previous session.
As of this writing, 28 analysts cover 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 $21.42, this indicates a potential upside of 16.71 percent. WEN stock price is now -3.64% away from the 50-day moving average and -2.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.52B.
There are 14 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $25.16 as their price target over the next twelve months.
In other news, MAY PETER W, Director sold 443,725 shares of the company’s stock on Jun 02. The stock was sold for $10,099,447 at an average price of $22.76. Upon completion of the transaction, the Director now directly owns 20,732,628 shares in the company, valued at $441.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, Director Peltz Matthew H. sold 443,725 shares of the business’s stock. A total of $10,099,447 was realized by selling the stock at an average price of $22.76. This leaves the insider owning 20,732,628 shares of the company worth $441.81 million. Insiders disposed of 4,378,919 shares of company stock worth roughly $93.31 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 GRADIENT INVESTMENTS LLC during the first quarter worth $15,848,000. LOS ANGELES CAPITAL MANAGEMENT LLC invested $9,386,000 in shares of WEN during the first quarter. In the first quarter, STORMBORN CAPITAL MANAGEMENT, LLC acquired a new stake in The Wendy’s Company valued at approximately $5,328,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in WEN for approximately $4,396,000. NINE27 CAPITAL MANAGEMENT, LP purchased a new stake in WEN valued at around $4,262,000 in the second quarter. In total, there are 454 active investors with 71.90% ownership of the company’s stock.
Tuesday morning saw The Wendy’s Company (NASDAQ: WEN) opened at $21.38. During the past 12 months, The Wendy’s Company has had a low of $18.50 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 $8.04B, which is based on a 25.49 price-to-earnings ratio, a 2.18 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for WEN is $22.08 and a two-hundred day moving average price translates $21.87 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 $567.11M 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 4.69% 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%.
