Stocks of Wendy’s Co (NASDAQ:WEN) traded higher last session on Wall Street, up 0.20% to $14.95.
WEN stock price is now -1.83% away from the 50-day moving average and -12.08% away from the 200-day moving average. The market capitalization of the company currently stands at $3.00B.
On January 21, 2025, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $22 to quote $14, while ‘Goldman’ rates the stock as ‘Sell’
In other news, KENNETH W GILBERT, Director bought 3,500 shares of the company’s stock on Mar 04 ’25. The stock was bought for $52,991 at an average price of $15.14. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Director Mathews-Spradlin Mich J sold 24,462 shares of the business’s stock. A total of $496,089 was realized by selling the stock at an average price of $20.28. This leaves the insider owning 63,789 shares of the company worth $0.95 million. A total of 8.85% of the company’s stock is owned by insiders.
During the past 12 months, Wendy’s Co has had a low of $13.72 and a high of $20.65. As of last week, the company has a debt-to-equity ratio of 15.78, a current ratio of 1.85, and a quick ratio of 1.83.
The net profit margin was 8.65% and return on equity was 68.30% for WEN. The company reported revenue of $574.27 million for the quarter, compared to $540.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.22 percent.
