Argus upgraded shares of Wendy’s Co. (NASDAQ:WEN) from a hold rating to a buy rating in a research note released on Friday. They currently have $15.00 price objective on the stock.

WEN has been the topic of several other research reports. Goldman Sachs Group Inc. cut shares of Wendy’s from a conviction-buy rating to a buy rating and cut their target price for the stock from $12.50 to $11.00 in a report on Thursday, August 11th. Vetr upgraded shares of Wendy’s from a sell rating to a buy rating and set a $12.62 target price on the stock in a report on Wednesday, November 16th. JPMorgan Chase & Co. restated a hold rating and issued a $11.50 target price on shares of Wendy’s in a report on Thursday, November 10th. Stifel Nicolaus cut shares of Wendy’s from an outperform rating to a sector perform rating and cut their target price for the stock from $12.00 to $11.00 in a report on Tuesday, August 2nd. Finally, RBC Capital Markets restated a sector perform rating and issued a $11.00 target price on shares of Wendy’s in a report on Friday, November 11th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $12.29.

Shares of Wendy’s (NASDAQ:WEN) opened at 12.57 on Friday. The firm’s 50-day moving average is $11.32 and its 200-day moving average is $10.41. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 18.27 and a beta of 0.79. Wendy’s has a 52 week low of $8.89 and a 52 week high of $13.16.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Wendy’s had a net margin of 11.74% and a return on equity of 16.62%. The business had revenue of $364 million for the quarter, compared to analysts’ expectations of $350.35 million. During the same period last year, the business earned $0.09 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. Equities research analysts predict that Wendy’s will post $0.41 earnings per share for the current year.

WARNING: “Wendy’s Co. (WEN) Upgraded to Buy by Argus” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The legal version of this story can be accessed at http://www.dailypolitical.com/2016/12/01/wendys-co-wen-upgraded-to-buy-by-argus.html.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, November 29th. This is an increase from Wendy’s’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 2.07%. Wendy’s’s dividend payout ratio (DPR) is presently 35.29%.

Institutional investors have recently modified their holdings of the stock. RS Investment Management Co. LLC increased its position in shares of Wendy’s by 87.2% in the second quarter. RS Investment Management Co. LLC now owns 3,276,030 shares of the company’s stock valued at $31,515,000 after buying an additional 1,526,300 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in shares of Wendy’s by 5.9% in the second quarter. Fort Pitt Capital Group LLC now owns 1,389,885 shares of the company’s stock valued at $13,371,000 after buying an additional 77,157 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Wendy’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 43,587 shares of the company’s stock valued at $419,000 after buying an additional 6,520 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Wendy’s during the second quarter valued at $137,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Wendy’s by 4,115.4% in the second quarter. BNP Paribas Arbitrage SA now owns 99,441 shares of the company’s stock valued at $957,000 after buying an additional 97,082 shares during the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

About Wendy’s

The Wendy’s Company is the parent company of its subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant company specializing in the hamburger sandwich segment.

5 Day Chart for NASDAQ:WEN

Receive News & Ratings for Wendy's Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Co. and related companies with MarketBeat.com's FREE daily email newsletter.