Wendys (NASDAQ:WEN) announced that its Board of Directors has authorized a stock repurchase program, which allows the company to buyback $175.00 million in shares on Thursday, February 15th, EventVestor reports. This buyback authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

WEN has been the subject of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of Wendys from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Morgan Stanley raised their price objective on shares of Wendys from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 9th. SunTrust Banks raised their price objective on shares of Wendys to $22.00 in a research report on Wednesday, January 3rd. TheStreet downgraded shares of Wendys from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, Wedbush upgraded shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.07.

Wendys (WEN) opened at $16.10 on Wednesday. Wendys has a 1-year low of $13.03 and a 1-year high of $17.66. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78. The stock has a market cap of $3,900.00, a PE ratio of 64.40, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82.

Wendys (NASDAQ:WEN) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Wendys had a net margin of 5.20% and a return on equity of 20.35%. equities research analysts anticipate that Wendys will post 0.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.085 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Wendys’s previous quarterly dividend of $0.07. This represents a $0.34 dividend on an annualized basis and a yield of 2.11%. Wendys’s dividend payout ratio (DPR) is 112.00%.

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Wendys 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.

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