ValuEngine upgraded shares of Wendys (NASDAQ:WEN) from a hold rating to a buy rating in a report published on Tuesday morning, ValuEngine reports.

Several other research analysts also recently commented on the stock. Cowen started coverage on shares of Wendys in a report on Wednesday, April 10th. They issued an outperform rating and a $21.00 price target for the company. Wedbush downgraded shares of Wendys from an outperform rating to a neutral rating and cut their price target for the company from $20.00 to $17.50 in a report on Wednesday, January 9th. CIBC raised shares of Wendys from a market perform rating to an outperform rating and set a $20.00 price target for the company in a report on Wednesday, January 9th. Oppenheimer raised shares of Wendys from a market perform rating to an outperform rating and set a $20.00 price target for the company in a report on Wednesday, January 9th. Finally, Stifel Nicolaus downgraded shares of Wendys from a buy rating to a hold rating in a report on Monday, January 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Wendys presently has a consensus rating of Buy and an average price target of $19.80.

Shares of NASDAQ:WEN opened at $18.90 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.34 and a debt-to-equity ratio of 4.25. Wendys has a one year low of $14.96 and a one year high of $19.00. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.27 and a beta of 0.78.

Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The firm had revenue of $397.82 million during the quarter, compared to the consensus estimate of $399.89 million. During the same period last year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities analysts expect that Wendys will post 0.61 earnings per share for the current fiscal year.

In other news, insider Abigail E. Pringle sold 8,897 shares of Wendys stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total transaction of $154,362.95. Following the completion of the sale, the insider now directly owns 100,917 shares of the company’s stock, valued at approximately $1,750,909.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of Wendys stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The disclosure for this sale can be found here. Insiders own 23.10% of the company’s stock.

A number of large investors have recently modified their holdings of WEN. BlackRock Inc. increased its position in shares of Wendys by 3.1% in the fourth quarter. BlackRock Inc. now owns 16,707,749 shares of the restaurant operator’s stock valued at $260,806,000 after acquiring an additional 496,357 shares during the period. Vanguard Group Inc increased its position in shares of Wendys by 1.3% in the third quarter. Vanguard Group Inc now owns 16,598,478 shares of the restaurant operator’s stock valued at $284,498,000 after acquiring an additional 220,643 shares during the period. Vanguard Group Inc. increased its position in shares of Wendys by 1.3% in the third quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock valued at $284,498,000 after acquiring an additional 220,643 shares during the period. Norges Bank purchased a new position in shares of Wendys during the fourth quarter valued at about $56,554,000. Finally, Bank of New York Mellon Corp increased its position in shares of Wendys by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,877,886 shares of the restaurant operator’s stock valued at $44,924,000 after buying an additional 300,025 shares during the period. Institutional investors own 76.25% of the company’s stock.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

Further Reading: Systematic Risk and Investors

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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