Wendys (NASDAQ:WEN) Sets New 1-Year High at $20.39

Wendys Co (NASDAQ:WEN)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $20.39 and last traded at $20.39, with a volume of 102763 shares traded. The stock had previously closed at $19.95.

A number of brokerages recently commented on WEN. Stephens raised their price objective on shares of Wendys to $22.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. MKM Partners began coverage on shares of Wendys in a report on Tuesday, August 13th. They set a “neutral” rating and a $20.00 price objective on the stock. Goldman Sachs Group began coverage on shares of Wendys in a report on Monday, July 29th. They set a “sell” rating and a $17.50 price objective on the stock. Credit Suisse Group began coverage on shares of Wendys in a report on Tuesday, June 25th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Evercore ISI set a $20.00 price objective on shares of Wendys and gave the stock a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.05.

The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67. The firm’s 50 day simple moving average is $19.25 and its 200-day simple moving average is $18.48. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.72.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.96%. Wendys’s payout ratio is currently 67.80%.

In other news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 5,444,270 shares in the company, valued at approximately $108,340,973. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new stake in shares of Wendys during the 2nd quarter worth about $30,000. Coastal Investment Advisors Inc. boosted its holdings in shares of Wendys by 116.6% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after buying an additional 978 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Wendys by 65.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after buying an additional 849 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Wendys during the 1st quarter worth about $58,000. Finally, Carroll Financial Associates Inc. boosted its holdings in shares of Wendys by 226.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock worth $75,000 after buying an additional 2,658 shares during the period. Institutional investors own 77.69% of the company’s stock.

Wendys Company Profile (NASDAQ:WEN)

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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