Brokerages Set The Wendy’s Company (NASDAQ:WEN) Price Target at $20.36

The Wendy’s Company (NASDAQ:WEN) has received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.36.

WEN has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a research report on Tuesday, November 19th. Wolfe Research upgraded shares of Wendy’s to a “strong-buy” rating in a research report on Friday, September 13th. Truist Financial increased their price objective on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen lifted their target price on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on Wendy’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th.

Wendy’s Trading Down 0.5 %

Wendy’s stock opened at $17.40 on Friday. Wendy’s has a 52-week low of $15.61 and a 52-week high of $20.65. The company has a market cap of $3.55 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.43 and a beta of 0.77. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The business has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $17.58.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.50 million. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Analysts predict that Wendy’s will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.75%. Wendy’s’s dividend payout ratio is 105.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in Wendy’s in the second quarter worth approximately $27,000. Quarry LP bought a new position in shares of Wendy’s in the 2nd quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of Wendy’s during the 2nd quarter worth $33,000. Signaturefd LLC boosted its position in Wendy’s by 94.7% during the second quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 1,286 shares in the last quarter. Finally, AM Squared Ltd purchased a new position in Wendy’s in the third quarter valued at about $49,000. Institutional investors own 85.96% of the company’s stock.

About Wendy’s

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.