Wendy’s (NASDAQ:WEN) Price Target Cut to $21.00

Wendy’s (NASDAQ:WENGet Rating) had its price target decreased by Royal Bank of Canada from $22.00 to $21.00 in a research note released on Thursday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on WEN. Morgan Stanley reduced their price target on shares of Wendy’s from $26.00 to $25.00 and set an equal weight rating for the company in a research report on Thursday, April 14th. TheStreet lowered shares of Wendy’s from a b- rating to a c+ rating in a research note on Friday, May 13th. OTR Global reiterated an upgrade rating on shares of Wendy’s in a research note on Wednesday, August 3rd. BMO Capital Markets downgraded Wendy’s from an outperform rating to a market perform rating and decreased their target price for the stock from $28.00 to $22.00 in a research report on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Wendy’s from $20.00 to $24.00 in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $24.96.

Wendy’s Trading Up 0.5 %

NASDAQ:WEN opened at $21.40 on Thursday. Wendy’s has a 52 week low of $15.77 and a 52 week high of $24.48. The firm has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $20.36. The company has a debt-to-equity ratio of 8.04, a quick ratio of 2.63 and a current ratio of 2.62. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.68 and a beta of 0.91.

Wendy’s (NASDAQ:WENGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The restaurant operator reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $537.80 million for the quarter, compared to analyst estimates of $538.85 million. Wendy’s had a return on equity of 35.49% and a net margin of 9.08%. Wendy’s’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. On average, equities analysts expect that Wendy’s will post 0.85 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 31st. Wendy’s’s dividend payout ratio (DPR) is presently 61.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEN. Joseph Group Capital Management purchased a new stake in shares of Wendy’s in the fourth quarter worth $969,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Wendy’s in the 4th quarter valued at about $34,000. Covestor Ltd bought a new stake in shares of Wendy’s during the 4th quarter valued at about $45,000. CoreCap Advisors LLC purchased a new position in shares of Wendy’s during the second quarter worth about $37,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Wendy’s in the first quarter valued at approximately $47,000. 69.97% of the stock is owned by institutional investors.

Wendy’s Company Profile

(Get Rating)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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Analyst Recommendations for Wendy's (NASDAQ:WEN)

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