Wendy’s Co. (NASDAQ:WEN) was downgraded by investment analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Monday.

Several other analysts also recently issued reports on WEN. Royal Bank Of Canada downgraded shares of Wendy’s from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $12.00 to $11.00 in a report on Tuesday, August 2nd. RBC Capital Markets downgraded shares of Wendy’s from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $12.00 to $11.00 in a report on Tuesday, August 2nd. Stifel Nicolaus downgraded shares of Wendy’s from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $12.00 to $11.00 in a report on Tuesday, August 2nd. Vetr downgraded shares of Wendy’s from a “strong-buy” rating to a “buy” rating and set a $11.21 price objective for the company. in a report on Monday, August 8th. Finally, Argus reaffirmed a “hold” rating on shares of Wendy’s in a report on Tuesday, August 23rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wendy’s has a consensus rating of “Buy” and a consensus target price of $12.05.

Analyst Recommendations for Wendy`s (NASDAQ:WEN)

Shares of Wendy’s (NASDAQ:WEN) traded down 0.38% during mid-day trading on Monday, reaching $12.94. 4,146,203 shares of the company’s stock traded hands. Wendy’s has a 12 month low of $8.89 and a 12 month high of $13.16. The company has a 50 day moving average of $11.32 and a 200 day moving average of $10.41. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 18.81 and a beta of 0.79.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business earned $364 million during the quarter, compared to the consensus estimate of $350.35 million. Wendy’s had a net margin of 11.74% and a return on equity of 16.62%. Wendy’s’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Analysts expect that Wendy’s will post $0.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.065 per share. This is a boost from Wendy’s’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 2.00%. The ex-dividend date is Tuesday, November 29th. Wendy’s’s dividend payout ratio is presently 35.29%.

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A number of institutional investors have recently added to or reduced their stakes in WEN. Eminence Capital LP acquired a new position in shares of Wendy’s during the second quarter worth about $55,854,000. Victory Capital Management Inc. boosted its position in shares of Wendy’s by 8,715.3% in the third quarter. Victory Capital Management Inc. now owns 3,842,329 shares of the company’s stock worth $41,498,000 after buying an additional 3,798,742 shares in the last quarter. Mik Capital LLC acquired a new position in shares of Wendy’s during the third quarter worth about $27,827,000. Wells Fargo & Company MN boosted its position in shares of Wendy’s by 20.0% in the third quarter. Wells Fargo & Company MN now owns 11,144,547 shares of the company’s stock worth $120,362,000 after buying an additional 1,860,404 shares in the last quarter. Finally, RS Investment Management Co. LLC boosted its position in shares of Wendy’s by 87.2% in the second quarter. RS Investment Management Co. LLC now owns 3,276,030 shares of the company’s stock worth $31,515,000 after buying an additional 1,526,300 shares in the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

Wendy’s Company Profile

The Wendy’s Company is the parent company of its subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant company specializing in the hamburger sandwich segment.

5 Day Chart for NASDAQ:WEN

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