November 25, 2016 - By Louis Casey
The Wendy’s Company (NASDAQ:WEN) was upped by investment analysts at Argus from a “Hold” rating to “Buy” rating in a analysts note revealed on Friday, 25 November.
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 -16.09% below today’s ($13.05) stock price. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Nomura upgraded the shares of WEN in a report on Monday, January 4 to “Buy” rating. The rating was upgraded by Credit Suisse to “Underperform” on Tuesday, August 11. The firm has “Sell” rating given on Thursday, August 6 by UBS. Longbow initiated Wendys Co (NASDAQ:WEN) on Friday, March 18 with “Buy” rating. The stock of Wendys Co (NASDAQ:WEN) has “Buy” rating given on Friday, September 11 by Guggenheim. Nomura initiated Wendys Co (NASDAQ:WEN) rating on Thursday, October 1. Nomura has “Neutral” rating and $10 price target. Citigroup maintained Wendys Co (NASDAQ:WEN) rating on Wednesday, October 5. Citigroup has “Buy” rating and $13 price target. The firm has “Market Perform” rating given on Thursday, May 26 by Bernstein. The stock of Wendys Co (NASDAQ:WEN) has “Neutral” rating given on Thursday, February 11 by JP Morgan. On Thursday, August 27 the stock rating was maintained by Goldman Sachs with “Neutral”.
About 1.67M 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 $23.24 million 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 2016 Q2. Its down 0.56, from 1.28 in 2016Q1. The ratio worsened, 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.
D E Shaw & Company last reported 6.00M shares in the company. High Point Financial Bank reported 554 shares or 0% of all its holdings. Los Angeles Capital Management And Equity Rech Inc has 11,920 shares for 0% of their US portfolio. Geode Mngmt Ltd Com last reported 1.49 million shares in the company. Oppenheimer And holds 0.01% or 33,700 shares in its portfolio. Geneva Advsrs Lc holds 0% or 10,000 shares in its portfolio. Cadence Limited Co has 30,274 shares for 0.02% of their US portfolio. Amer Group has 411,927 shares for 0% of their US portfolio. Mngmt Pro Inc has 425 shares for 0% of their US portfolio. Huntington Retail Bank reported 22,404 shares or 0.01% of all its holdings. Anandar Capital Mgmt Limited Partnership accumulated 200,000 shares or 0.44% of the stock. State Of Wisconsin Investment Board has 136,588 shares for 0.01% of their US portfolio. Advantus Capital Mngmt holds 0.01% or 25,824 shares in its portfolio. The Georgia-based Voya Invest Lc has invested 0.05% in Wendys Co (NASDAQ:WEN). Olstein Mngmt L P has 1.04% invested in the company for 801,290 shares.
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 18.68 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