November 25, 2016 - By Louis Casey
Trading of Wendy’s (NASDAQ:WEN)‘s shares is going to be interesting today. Argus increased the stock from a “Hold” to a “Buy”.
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 -16.03% below today’s ($13.04) stock price. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, August 6 by UBS. The stock of Wendys Co (NASDAQ:WEN) has “Neutral” rating given on Thursday, October 1 by Nomura. The stock has “Neutral” rating given by Goldman Sachs on Thursday, August 27. JP Morgan upgraded Wendys Co (NASDAQ:WEN) rating on Thursday, August 6. JP Morgan has “Overweight” rating and $12 price target. Nomura upgraded the stock to “Buy” rating in Monday, January 4 report. The stock has “Buy” rating given by Evercore on Tuesday, April 5. The stock has “Buy” rating given by Vetr on Wednesday, August 19. SunTrust initiated it with “Buy” rating and $11 target price in Thursday, October 8 report. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, August 2. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, November 19.
About 184,531 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 $23.24M for 36.25 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 turned negative, 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.
Ellington Mngmt Grp Incorporated Ltd has 10,800 shares for 0.14% of their US portfolio. Ftb holds 0% or 782 shares in its portfolio. Retirement Sys Of Alabama last reported 0.02% of its portfolio in the stock. Moreover, Principal Fincl Group has 0.01% invested in Wendys Co (NASDAQ:WEN) for 816,430 shares. Bnp Paribas Arbitrage Sa holds 99,441 shares or 0% of its portfolio. State Of Wisconsin Investment Board holds 0.01% or 136,588 shares in its portfolio. Asset Mgmt, a Michigan-based fund reported 10,536 shares. Ladenburg Thalmann Fincl Incorporated last reported 7,207 shares in the company. Nationwide Fund Advsrs last reported 422,479 shares in the company. Ubs Asset Mgmt Americas last reported 0% of its portfolio in the stock. First Manhattan has 5,029 shares for 0% of their US portfolio. Engineers Gate Manager Lp holds 476,759 shares or 0.33% of its portfolio. M&T National Bank & Trust Corporation accumulated 18,089 shares or 0% of the stock. Legal & General Public Lc has 119,760 shares for 0% of their US portfolio. Paloma Mgmt last reported 37,621 shares in the company.
The Wendy’s Company is the parent company of its subsidiary holding firm Wendy’s Restaurants, LLC . The company has a market cap of $3.37 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 18.67 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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By Louis Casey