Wendy’s Company (The) (NASDAQ:WEN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Monday.

Several other brokerages also recently issued reports on WEN. Longbow Research upgraded shares of Wendy’s Company (The) from a “neutral” rating to a “buy” rating and upped their target price for the stock from $15.23 to $18.00 in a research note on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research report on Tuesday, July 25th. UBS AG restated a “sell” rating and set a $13.00 price objective (up previously from $12.00) on shares of Wendy’s Company (The) in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. Finally, Vetr downgraded shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 price objective on the stock. in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.77.

Wendy’s Company (WEN) traded down 0.89% during trading on Monday, hitting $15.59. 1,791,002 shares of the company’s stock traded hands. The stock has a market cap of $3.80 billion, a P/E ratio of 40.49 and a beta of 1.00. Wendy’s Company has a 12 month low of $10.47 and a 12 month high of $16.66. The company’s 50 day moving average is $15.12 and its 200-day moving average is $14.95.

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

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Wendy’s Company (The) by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after acquiring an additional 592,868 shares during the period. BlackRock Inc. raised its position in Wendy’s Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after acquiring an additional 41,702 shares during the period. Janus Capital Management LLC raised its position in Wendy’s Company (The) by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after acquiring an additional 85,084 shares during the period. Janus Henderson Group PLC bought a new position in Wendy’s Company (The) in the second quarter worth approximately $189,448,000. Finally, Victory Capital Management Inc. raised its position in Wendy’s Company (The) by 81.5% in the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after acquiring an additional 3,512,866 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.

Wendy’s Company (The) Company Profile

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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