Wendy’s Company (The) (NASDAQ:WEN) had its price target cut by Credit Suisse Group from $15.75 to $15.00 in a research note issued to investors on Thursday morning. They currently have a neutral rating on the restaurant operator’s stock.

WEN has been the topic of several other reports. SunTrust Banks, Inc. restated a buy rating and set a $18.00 target price on shares of Wendy’s Company (The) in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a sell rating to a hold rating in a research report on Thursday, October 12th. Royal Bank Of Canada restated a hold rating and set a $16.00 target price on shares of Wendy’s Company (The) in a research report on Tuesday, November 7th. BidaskClub raised Wendy’s Company (The) from a sell rating to a hold rating in a research note on Monday, September 18th. Finally, Wedbush reaffirmed a hold rating on shares of Wendy’s Company (The) in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $15.97.

Shares of Wendy’s Company (NASDAQ:WEN) traded down $0.19 during midday trading on Thursday, hitting $14.50. 4,060,500 shares of the company’s stock traded hands, compared to its average volume of 3,272,073. The stock has a market cap of $3,511.86, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.47 and a beta of 0.94. Wendy’s Company has a 52 week low of $11.20 and a 52 week high of $16.66. The company has a quick ratio of 1.91, a current ratio of 1.80 and a debt-to-equity ratio of 5.83.

Wendy’s Company (The) (NASDAQ:WEN) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $308.59 million. Wendy’s Company (The) had a return on equity of 20.35% and a net margin of 5.20%. Wendy’s Company (The)’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. equities research analysts forecast that Wendy’s Company will post 0.44 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 30th. Wendy’s Company (The)’s payout ratio is 112.00%.

In related news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WEN. Wells Fargo & Company MN increased its stake in shares of Wendy’s Company (The) by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 7,960,038 shares of the restaurant operator’s stock valued at $123,620,000 after acquiring an additional 329,659 shares during the last quarter. Budros Ruhlin & Roe Inc. acquired a new position in shares of Wendy’s Company (The) during the 3rd quarter valued at about $253,000. Trexquant Investment LP increased its stake in shares of Wendy’s Company (The) by 54.8% during the 3rd quarter. Trexquant Investment LP now owns 35,597 shares of the restaurant operator’s stock valued at $553,000 after acquiring an additional 12,597 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Wendy’s Company (The) by 3.7% during the 3rd quarter. Legal & General Group Plc now owns 241,301 shares of the restaurant operator’s stock valued at $3,748,000 after acquiring an additional 8,687 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Wendy’s Company (The) by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 39,764 shares of the restaurant operator’s stock valued at $618,000 after acquiring an additional 4,116 shares during the last quarter. 76.55% of the stock is owned by hedge funds and other 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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