Today’s Rating Change: Wendy’s (WEN)’s Is Reaching An Inflection Point; Argus Upgrades It

November 25, 2016 - By Hazel Jackson

Today's Rating Change:  Wendy's (WEN)'s Is Reaching An Inflection Point; Argus Upgrades It

Wendy’s (WEN) Upgrade

Equity analysts at Argus’s equity research division increased Wendy’s (WEN)‘s stock from a “Hold” to “Buy” on Friday, 25 November.

About 158,754 shares traded hands. Wendys Co (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 $23.22M for 36.28 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.

Moreover, Cap Guardian Trust has 0% invested in Wendys Co (NASDAQ:WEN) for 19,506 shares. Dimensional Fund Advsrs Lp accumulated 0.1% or 18.34 million shares. Fifth Third Natl Bank holds 500 shares or 0% of its portfolio. Retirement Of Alabama, a Alabama-based fund reported 275,052 shares. Mutual Of America Capital Mgmt Lc has 0.03% invested in the company for 163,376 shares. North Star Invest Mngmt, a Illinois-based fund reported 247,087 shares. California Employees Retirement Sys has 237,845 shares for 0% of their US portfolio. Ameritas Inv owns 32,793 shares or 0.02% of their US portfolio. Peak6 Investments Ltd Partnership reported 12,250 shares or 0% of all its holdings. Buckingham Cap Mngmt holds 0.03% of its portfolio in Wendys Co (NASDAQ:WEN) for 11,945 shares. Smithfield Tru last reported 5,800 shares in the company. Cap Advsrs Limited Liability Company holds 0% or 251 shares in its portfolio. Texas Permanent School Fund owns 163,038 shares or 0.02% of their US portfolio. Trian Fund Mgmt Lp owns 40.79 million shares or 3.74% of their US portfolio. Swiss Bankshares last reported 0.01% of its portfolio in the stock.

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 18.7 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.”

WEN Company Profile

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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