The stock of Wendy’s Co (NASDAQ:WEN) last traded at $18.99, down -0.16% from the previous session.
Data from the available sources indicates that Wendy’s Co (NASDAQ:WEN) is covered by 27 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 $19.00, we find $23.00. Given the previous closing price of $19.02, this indicates a potential upside of 20.93 percent. WEN stock price is now -3.82% away from the 50-day moving average and -11.22% away from the 200-day moving average. The market capitalization of the company currently stands at $3.97B.
In total, 16 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $23.29 as their price target over the next twelve months.
With the price target of $20, Deutsche Bank recently initiated with Hold rating for Wendy’s Co (NASDAQ: WEN).
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 $338.54 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 $338.54 million. Insiders disposed of 16,726,516 shares of company stock worth roughly $317.64 million over the past 1 year. A total of 8.56% of the company’s stock is owned by insiders.
With an opening price of $19.02 on Wednesday morning, Wendy’s Co (NASDAQ: WEN) set off the trading day. During the past 12 months, Wendy’s Co has had a low of $18.19 and a high of $23.90. As of last week, the company has a debt-to-equity ratio of 10.77, a current ratio of 2.48, and a quick ratio of 2.46. According to the stock market information, the enterprise value for the company is $7.56B, which is based on a 21.23 price-to-earnings ratio, a 1.74 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for WEN is $19.74 and a two-hundred day moving average price translates $21.39 for the stock.
The latest earnings results from Wendy’s Co (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 8.86% and return on equity was 47.00% 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 $555.43M in revenue.
Wendy’s Co(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.
