Analysts Set Wendys Co (WEN) PT at $16.77

Analysts Set Wendys Co (WEN) PT at $16.77

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. During the same quarter previous year, the firm earned $0.09 earnings per share.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th.

Whereas they predicted High and Low Earnings Estimate as $0.12 and $0.1 respectively.

Todd Penegor, the CEO and President of Wendys, expressed that in the past year they have grown their global portfolio by over 60 net new restaurants. The stock of The Wendy's Company (NASDAQ:WEN) has "Buy" rating given on Wednesday, October 5 by Citigroup. While in the same Quarter Previous year, the Actual EPS was $0.08. The company's quarterly revenue was down 15.4% on a year-over-year basis. Credit Suisse Group lowered their price target on shares of Wendys from $15.75 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, November 9th. RBC Capital Markets reiterated a "hold" rating and issued a $13.00 target price on shares of Wendy's Company (The) in a report on Friday, January 6th. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wendys. They issued a "buy" rating and a $18.00 target price for the company. TheStreet raised shares of Wendys from a "c+" rating to a "b-" rating in a research report on Thursday, December 28th.

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Among 18 analysts covering Wendy's (NASDAQ:WEN), 10 have Buy rating, 2 Sell and 6 Hold. The stock has a consensus rating of "Hold" and an average price target of $16.84.

Wendy's Company (NASDAQ:WEN) traded down 0.686% on Friday, hitting $13.745. The decline came at a share volume of 4.78 million compared to average share volume of 3.49 million. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. State Common Retirement Fund invested 0.01% of its portfolio in The Wendy's Company (NASDAQ:WEN).

The stock is now showing YTD performance of 5.54 Percent.

Several institutional investors have recently added to or reduced their stakes in WEN. Legal & General Group Plc raised its stake in Wendys by 8.5% during the 2nd quarter. It also increased its holding in Delta Air Lines Inc Del (NYSE:DAL) by 9,000 shares in the quarter, for a total of 118,300 shares, and has risen its stake in U S Silica Hldgs Inc (NYSE:SLCA). Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator's stock worth $116,000 after buying an additional 692 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Wendys by 75.7% in the second quarter. Swiss National Bank now owns 343,900 shares of the restaurant operator's stock worth $5,334,000 after buying an additional 5,000 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Wendys in the second quarter valued at approximately $219,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Wendys by 55.2% during the second quarter. Institutional investors and hedge funds own 76.33% of the company's stock. The stock increased 0.35% or $0.06 during the last trading session, reaching $17.3. Following the transaction, the insider now directly owns 199,014 shares in the company, valued at $2,843,910.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Stockholders of record on Friday, December 1st were given a dividend of $0.07 per share. The rating was downgraded by JP Morgan to "Neutral" on Thursday, February 11. Wendys's dividend payout ratio (DPR) is presently 112.00%. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and global trademark and copyright laws. It seems that 3M Company (NYSE:MMM) might see muted action given an ABR of 2.2 or Hold rating. Worldwide restaurants within the company's system are those based outside Canada and the U.S., and comprise restaurants in the United States' territories of Puerto Rico, Guam and U.S. Virgin Islands.

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