Wendys (NASDAQ:WEN)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks in a report issued on Wednesday, TipRanks reports.

A number of other research firms also recently issued reports on WEN. Wedbush reissued a “hold” rating and issued a $20.00 price target on shares of Wendys in a research note on Wednesday, May 8th. Evercore ISI set a $20.00 price target on shares of Wendys and gave the stock a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Wendys from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Piper Jaffray Companies began coverage on shares of Wendys in a research report on Monday, May 13th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, BidaskClub upgraded shares of Wendys from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.05.

Wendys stock opened at $21.19 on Wednesday. The company’s 50 day simple moving average is $19.34 and its 200-day simple moving average is $18.53. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 2.29 and a beta of 0.72. Wendys has a 1 year low of $14.96 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.96 and a current ratio of 1.97.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $435.30 million for the quarter, compared to the consensus estimate of $439.64 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Equities analysts expect that Wendys will post 0.63 earnings per share for the current year.

In other Wendys news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.90, for a total transaction of $9,452,500.00. Following the completion of the transaction, the insider now owns 5,444,270 shares in the company, valued at approximately $108,340,973. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the transaction, the director now owns 5,444,270 shares of the company’s stock, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Greenleaf Trust acquired a new position in shares of Wendys during the 2nd quarter worth $12,300,000. Foundry Partners LLC acquired a new position in shares of Wendys during the 2nd quarter worth $2,017,000. O Shaughnessy Asset Management LLC acquired a new stake in Wendys in the 1st quarter valued at about $58,000. Wedbush Securities Inc. acquired a new stake in Wendys in the 1st quarter valued at about $213,000. Finally, Menta Capital LLC grew its stake in Wendys by 73.6% in the 1st quarter. Menta Capital LLC now owns 53,882 shares of the restaurant operator’s stock valued at $964,000 after acquiring an additional 22,845 shares during the last quarter. Institutional investors own 77.69% of the company’s stock.

About Wendys

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.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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