Several research analysts recently issued reports on WEN shares. The stock now has a consensus rating of "Hold" and an average target price of $12.95. The Relative Volume value measured for The Wendy's Company (NASDAQ:WEN) is 1.4. Vetr raised Wendy's Company (The) from a "sell" rating to a "buy" rating and set a $12.62 price target for the company in a research note on Wednesday, November 16th. RBC Capital Markets reiterated a "sector perform" rating and issued a $11.00 price objective on shares of Wendy's Company (The) in a report on Friday, November 11th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The 22 stock analysts following this company have an average price target at $13.59, with individual PT in the $10.00-$18.00 range. The stock traded at a volume of 4.63 million shares. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.88% where SMA50 and SMA200 are 4.68% and 27.59% respectively.
Company-operated restaurant margin dropped 40 basis points to 18.8 percent year-over-year, attributed to higher other operating costs and labor rates, partly offset by lower commodity costs and positive results from Wendy's image activation program. This Retail-Wholesale Sector stock now has the Market Capitalization of 3.64 Billion.
Presently The Wendy's Company (NASDAQ:WEN) stock have an ABR of 2.73. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. The company posted revenue of $309.90 million in the period, compared to analysts expectations of $307.98 million.
The Wendy's Company (NASDAQ:WEN) shows its Return on Assets (ROA) value of 4.5 percent, while the Return on Equity (ROE) value is 26.1 percent and Return on Investment (ROI) value stands at 5.4 percent. During the same quarter in the previous year, the company posted $0.12 earnings per share.
Wendy's wrapped up its 16th straight quarter of same-store sales growth, according to a company press release about the fiscal year and its final quarter, both ending, January 1, 2017. Investors of record on Wednesday, March 1st will be paid a dividend of $0.07 per share. Wendy's Company (The)'s dividend payout ratio is now 38.24%.
Total shares held by institutions as of the most recent company filings are 214,841,831 with a reported 20,515,061 bought and 20,762,120 sold. Meanwhile, 10% Owner TRIAN FUND MANAGEMENT, L.P. purchased 3,743,384 shares worth $47877880, through a transaction dated 2016-12-06. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
A number of hedge funds and other institutional investors have recently made changes to their positions in WEN. The insider owns 5,398,149 shares as of 2.2%, now worth $77409456.66. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.68% with $239.42 Million sitting short, betting on future declines. PNC Financial Services Group Inc. increased its position in Wendy's Company (The) by 5.1% in the second quarter.
This story was reported by Community Financial News and is owned by of Community Financial News. Finally, Two Sigma Investments LP boosted its position in shares of Wendy's Company (The) by 713.9% in the fourth quarter. The stock witnessed 6.7% gains, 23.18% gains and 44.13% gains for the 1-month, 3-month and 6-month period, respectively.
The Wendy's Company is the parent company of its subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants).