The stock of The Wendy’s Company (NASDAQ:WEN) last traded at $20.27, down -0.15% from the previous session.
Data from the available sources indicates that The Wendy’s Company (NASDAQ:WEN) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $31.00 and a low of $22.00, we find $24.00. Given the previous closing price of $20.30, this indicates a potential upside of 18.23 percent. WEN stock price is now -5.03% away from the 50-day moving average and -7.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.27B.
In total, 15 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $24.93 as their price target over the next twelve months.
In other news, Peltz Matthew H., Director sold 2,905,569 shares of the company’s stock on Aug 22. The stock was sold for $58,983,051 at an average price of $20.30. Upon completion of the transaction, the Director now directly owns 17,827,059 shares in the company, valued at $361.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Director PELTZ NELSON sold 2,905,569 shares of the business’s stock. A total of $58,983,051 was realized by selling the stock at an average price of $20.30. This leaves the insider owning 17,827,059 shares of the company worth $361.35 million. Insiders disposed of 17,652,030 shares of company stock worth roughly $357.81 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 $15,075,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. invested $7,082,000 in shares of WEN during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in The Wendy’s Company valued at approximately $5,296,000. STORMBORN CAPITAL MANAGEMENT, LLC acquired a new stake in WEN for approximately $5,068,000. BURNEY CO/ purchased a new stake in WEN valued at around $5,067,000 in the second quarter. In total, there are 445 active investors with 71.90% ownership of the company’s stock.
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 8.69, 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 $7.82B, which is based on a 22.72 price-to-earnings ratio, a 1.94 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for WEN is $21.30 and a two-hundred day moving average price translates $21.99 for the stock.
The latest earnings results from The Wendy’s Company (NASDAQ: WEN) was released for Jul, 2023. According to the Restaurants Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.27 by 0.01. This compares to $0.22 EPS in the same period last year. The net profit margin was 8.90% and return on equity was 44.60% for WEN. The company reported revenue of $561.57 million for the quarter, compared to $537.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.42 percent. For the current quarter, analysts expect WEN to generate $556.47M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 4.93% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, WEN is presently at 83.20%.
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.
