Wendy’s Company (The) (NASDAQ:WEN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $17.00 price objective on shares of Wendy’s Company (The) in a report on Monday, August 14th. Zacks Investment Research lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a report on Friday, August 11th. BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a report on Friday, August 11th. Finally, UBS AG reiterated a “sell” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Wendy’s Company (The) in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.64.

Wendy’s Company (NASDAQ:WEN) opened at 14.37 on Friday. The company has a 50-day moving average price of $15.22 and a 200 day moving average price of $14.87. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 37.32 and a beta of 1.00. Wendy’s Company has a 12-month low of $10.09 and a 12-month high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The firm had revenue of $320.34 million for the quarter. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s quarterly revenue was down 16.3% compared to the same quarter last year. On average, equities research analysts predict that Wendy’s Company will post $0.47 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in WEN. USA Financial Portformulas Corp grew its position in shares of Wendy’s Company (The) by 16.1% during the 2nd quarter. USA Financial Portformulas Corp now owns 66,331 shares of the restaurant operator’s stock valued at $1,029,000 after buying an additional 9,201 shares during the last quarter. WFG Advisors LP grew its position in shares of Wendy’s Company (The) by 50.2% during the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 2,344 shares during the last quarter. Piedmont Investment Advisors LLC grew its position in shares of Wendy’s Company (The) by 43.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 106,467 shares of the restaurant operator’s stock valued at $1,651,000 after buying an additional 32,234 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Wendy’s Company (The) during the 2nd quarter valued at about $14,085,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Wendy’s Company (The) by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock valued at $1,611,000 after buying an additional 423 shares during the last quarter. 76.46% of the stock is owned by institutional investors.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of 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 a restaurant company specializing in the hamburger sandwich segment.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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