Wendy’s Company (The) (NASDAQ:WEN)‘s stock had its “buy” rating restated by BMO Capital Markets in a research report issued to clients and investors on Friday.

Other equities analysts have also recently issued research reports about the company. SunTrust Banks, Inc. set a $18.00 price target on Wendy’s Company (The) and gave the company a “buy” rating in a research report on Thursday, May 11th. BidaskClub cut Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr cut Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 price target on the stock. in a research report on Monday, May 8th. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.56.

Shares of Wendy’s Company (WEN) opened at 15.26 on Friday. Wendy’s Company has a 1-year low of $9.82 and a 1-year high of $16.66. The firm’s 50-day moving average price is $15.55 and its 200 day moving average price is $14.72. The stock has a market cap of $3.75 billion, a P/E ratio of 30.95 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 16.31% and a net margin of 9.43%. The business had revenue of $320.34 million for the quarter, compared to analysts’ expectations of $298.72 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was down 16.3% compared to the same quarter last year. On average, equities analysts expect that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

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In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of Wendy’s Company (The) stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 26.50% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in WEN. Gateway Investment Advisers LLC raised its stake in shares of Wendy’s Company (The) by 38.3% in the first quarter. Gateway Investment Advisers LLC now owns 613,689 shares of the restaurant operator’s stock worth $8,352,000 after buying an additional 169,793 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Wendy’s Company (The) during the first quarter worth $235,000. Glen Harbor Capital Management LLC raised its stake in shares of Wendy’s Company (The) by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock worth $219,000 after buying an additional 204 shares in the last quarter. Pecaut & CO. acquired a new stake in shares of Wendy’s Company (The) during the first quarter worth $461,000. Finally, IFP Advisors Inc raised its stake in shares of Wendy’s Company (The) by 13.2% in the first quarter. IFP Advisors Inc now owns 41,549 shares of the restaurant operator’s stock worth $565,000 after buying an additional 4,852 shares in the last quarter. 77.76% of the stock is currently owned by institutional investors.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of 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 a restaurant company specializing in the hamburger sandwich segment.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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