Today’s Rating: Is The Wendy’s (NASDAQ:WEN) a Sell? Goldman Sachs Downgrades It

November 29, 2016 - By Louis Casey

Today's Rating: Is The Wendy's (NASDAQ:WEN) a Sell? Goldman Sachs Downgrades It

The Wendy’s (NASDAQ:WEN) Downgrade

In a a research note made public on Tuesday, 29 November, Goldman Sachs has decreased The Wendy’s (NASDAQ:WEN) stock to “Neutral”. WEN’s old rating was “Buy”.

Wendys Co (NASDAQ:WEN) Ratings Coverage

Out of 13 analysts covering Wendy’s (NASDAQ:WEN), 8 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 62% are positive. $13 is the highest target while $9.50 is the lowest. The $10.95 average target is -15.12% below today’s ($12.9) stock price. Wendy’s has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, August 19, the company rating was upgraded by Vetr. RBC Capital Markets downgraded Wendys Co (NASDAQ:WEN) on Tuesday, August 2 to “Sector Perform” rating. The stock of Wendys Co (NASDAQ:WEN) earned “Underperform” rating by Credit Suisse on Tuesday, August 11. Goldman Sachs maintained the shares of WEN in a report on Thursday, August 11 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Wednesday, October 5. The firm earned “Buy” rating on Friday, September 11 by Guggenheim. The rating was initiated by SunTrust with “Buy” on Thursday, October 8. UBS maintained the stock with “Sell” rating in Thursday, August 6 report. JP Morgan upgraded the shares of WEN in a report on Thursday, August 6 to “Overweight” rating. The stock of Wendys Co (NASDAQ:WEN) has “Market Perform” rating given on Thursday, May 26 by Bernstein.

About 3.96M shares traded hands. Wendys Co (NASDAQ:WEN) has risen 17.21% since April 26, 2016 and is uptrending. It has outperformed by 11.95% 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 $23.02M for 35.83 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 is 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.

Advisory Inc holds 0.16% or 992,853 shares in its portfolio. Gemmer Asset Mgmt Lc accumulated 0% or 312 shares. Envestnet Asset Mgmt last reported 0% of its portfolio in the stock. Nicholas Wi accumulated 0.07% or 351,485 shares. Anandar Management Limited Partnership accumulated 200,000 shares or 0.44% of the stock. Thrivent Fincl For Lutherans reported 30,534 shares or 0% of all its holdings. Arizona State Retirement Systems holds 94,937 shares or 0.01% of its portfolio. Retirement Sys Of Alabama owns 275,052 shares or 0.02% of their US portfolio. Shelton Capital Mngmt has invested 0.02% of its portfolio in Wendys Co (NASDAQ:WEN). Reilly Fincl Advsrs Ltd Liability Com holds 0% of its portfolio in Wendys Co (NASDAQ:WEN) for 320 shares. Fifth Third Financial Bank, a Ohio-based fund reported 500 shares. The New York-based Pinnacle has invested 0% in Wendys Co (NASDAQ:WEN). State Of Wisconsin Board last reported 136,588 shares in the company. State Board Of Administration Of Florida Retirement System holds 0.01% of its portfolio in Wendys Co (NASDAQ:WEN) for 443,698 shares. Sandy Spring National Bank accumulated 0% or 518 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 $3.30 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 18.47 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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