November 25, 2016 - By Peter Kolinski
The Wendy’s (NASDAQ:WEN) was boosted by equity analysts at Argus Research from a Hold rating to Buy rating in a a research note sent to investors on Friday, 25 November. The firm currently has a $15.00 target price on the stock. Argus Research’s target price indicates a potential upside of 15.47%.
Out of 12 analysts covering Wendy’s (NASDAQ:WEN), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. $13 is the highest target while $9.50 is the lowest. The $10.95 average target is -15.70% below today’s ($12.99) stock price. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan to “Neutral” on Thursday, February 11. UBS maintained Wendys Co (NASDAQ:WEN) rating on Thursday, August 6. UBS has “Sell” rating and $9.50 price target. On Wednesday, October 5 the stock rating was maintained by Citigroup with “Buy”. The rating was initiated by Guggenheim with “Buy” on Friday, September 11. On Thursday, November 19 the stock rating was upgraded by Goldman Sachs to “Buy”. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, August 2 report. The firm has “Buy” rating given on Thursday, August 11 by Goldman Sachs. The stock of Wendys Co (NASDAQ:WEN) earned “Buy” rating by Nomura on Monday, January 4. Nomura initiated it with “Neutral” rating and $10 target price in Thursday, October 1 report. The stock of Wendys Co (NASDAQ:WEN) has “Overweight” rating given on Thursday, August 6 by JP Morgan.
The stock increased 1.80% or $0.23 during the last trading session, hitting $12.99. About 2.59M shares traded hands. Wendys Co (NASDAQ:WEN) has risen 15.58% since April 22, 2016 and is uptrending. It has outperformed by 10.17% the S&P500.
Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 14. They expect $0.09 earnings per share, down 25.00% or $0.03 from last year’s $0.12 per share. WEN’s profit will be $23.21M for 36.08 P/E if the $0.09 EPS becomes a reality. After $0.11 actual earnings per share reported by Wendys Co for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.56, from 1.28 in 2016Q1. The ratio fall, as 26 funds sold all Wendys Co shares owned while 66 reduced positions. 27 funds bought stakes while 91 increased positions. They now own 205.85 million shares or 1.97% more from 201.87 million shares in 2016Q1.
Menta Cap Limited Co last reported 0.29% of its portfolio in the stock. The Ohio-based Stratos Wealth Prtnrs Ltd has invested 0.02% in Wendys Co (NASDAQ:WEN). Ny State Common Retirement Fund owns 485,500 shares or 0.01% of their US portfolio. D E Shaw And Co last reported 6.00 million shares in the company. Blackrock Advsr Ltd Llc holds 0% of its portfolio in Wendys Co (NASDAQ:WEN) for 117,292 shares. Lenox Wealth has 0% invested in the company for 751 shares. Retirement System Of Alabama accumulated 275,052 shares or 0.02% of the stock. Hightower Ltd Liability Company accumulated 34,218 shares or 0% of the stock. M&T Bankshares, a New York-based fund reported 18,089 shares. Moreover, Schwab Charles Invest Management Inc has 0.01% invested in Wendys Co (NASDAQ:WEN) for 944,313 shares. Aspiriant Ltd reported 64,196 shares or 0.06% of all its holdings. The Massachusetts-based Babson Capital has invested 0.03% in Wendys Co (NASDAQ:WEN). Buckingham Capital holds 0.03% or 11,945 shares in its portfolio. Geneva Ltd Company last reported 10,000 shares in the company. Advsrs Asset Mgmt owns 5,800 shares or 0% of their US portfolio.
The Wendy’s Company is the parent company of its subsidiary holding firm Wendy’s Restaurants, LLC . The company has a market cap of $3.35 billion. Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. It has a 18.6 P/E ratio. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment.
According to Zacks Investment Research, “The Wendy’s Company is the world’s third-largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.”
The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm 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 firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.
Another recent and important Wendys Co (NASDAQ:WEN) news was published by Investorplace.com which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016.
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