Wendys (NYSE: WEN) was downgraded by research analysts at Morgan Stanley to an “underweight” rating in a report released on Friday.

Wendys opened at 5.70 on Friday. Wendys has a 52-week low of $4.09 and a 52-week high of $5.95. The stock’s 50-day moving average is currently $5.19. The company has a market cap of $2.229 billion and a price-to-earnings ratio of 712.50.

Wendys last issued its quarterly earnings data on Wednesday, January 16th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.04. The company had revenue of $629.90 million for the quarter, compared to the consensus estimate of $637.94 million. During the same quarter last year, the company posted $0.04 earnings per share. Wendys’s revenue was up 2.4% compared to the same quarter last year. Wendys has set its FY13 guidance at $0.18-0.20 EPS. On average, analysts predict that Wendys will post $0.19 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Standpoint Research downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Wendys from $5.00 to $6.00 in a research note to investors on Friday, February 22nd. Finally, analysts at Credit Suisse downgraded shares of Wendys from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, February 22nd. They now have a $5.00 price target on the stock.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, February 27th.

The Wendy’s Company is a quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the United States and 27 other countries and the United States territories worldwide.

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