The Wendy’s Company (NASDAQ:WEN) Receives $10.86 Consensus Target Price from Brokerages

by · The Cerbat Gem

Shares of The Wendy’s Company (NASDAQ:WEN – Get Free Report) have received a consensus recommendation of “Hold” from the twenty-seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.8636.

A number of equities analysts recently issued reports on WEN shares. UBS Group reduced their price objective on shares of Wendy’s from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, November 10th. Zacks Research raised shares of Wendy’s from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Northcoast Research cut shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 price objective for the company. in a report on Thursday, September 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $13.00 price target on shares of Wendy’s in a research note on Friday, August 8th.

Read Our Latest Stock Report on WEN

Wendy’s Stock Performance

Shares of WEN stock traded down $0.07 on Friday, hitting $8.46. 3,620,410 shares of the stock traded hands, compared to its average volume of 6,278,654. The company’s fifty day moving average is $8.82 and its 200 day moving average is $10.17. Wendy’s has a 1-year low of $7.83 and a 1-year high of $18.65. The company has a market capitalization of $1.61 billion, a PE ratio of 8.82, a PEG ratio of 1.63 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

Wendy’s (NASDAQ:WEN – Get Free Report) last posted its earnings results on Friday, November 7th. The restaurant operator reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The company had revenue of $442.50 million during the quarter, compared to analyst estimates of $535.75 million. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. On average, equities research analysts predict that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, December 1st. Wendy’s’s dividend payout ratio (DPR) is presently 59.57%.

Hedge Funds Weigh In On Wendy’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Wendy’s by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock worth $316,509,000 after acquiring an additional 536,071 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Wendy’s by 30.1% during the 2nd quarter. AQR Capital Management LLC now owns 13,843,438 shares of the restaurant operator’s stock worth $158,092,000 after purchasing an additional 3,205,269 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wendy’s by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock valued at $99,012,000 after buying an additional 464,444 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Wendy’s by 61.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,041,012 shares of the restaurant operator’s stock valued at $57,568,000 after buying an additional 1,915,465 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Wendy’s in the third quarter worth approximately $36,912,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

About Wendy’s

(Get Free Report)

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.

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