Royal Bank Of Canada Reaffirms “Hold” Rating for Wendy’s Company (The) (WEN)

Wendy’s Company (The) (NASDAQ:WEN)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $16.00 target price on the restaurant operator’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.92% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on WEN. BMO Capital Markets reissued a “buy” rating on shares of Wendy’s Company (The) in a research report on Friday. UBS AG reissued a “sell” rating and set a $13.00 target price (up from $12.00) on shares of Wendy’s Company (The) in a research report on Thursday. Wedbush reissued a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. set a $18.00 price objective on Wendy’s Company (The) and gave the company a “buy” rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.56.

Shares of Wendy’s Company (NASDAQ:WEN) opened at 15.26 on Friday. The firm has a market cap of $3.75 billion, a PE ratio of 30.95 and a beta of 0.97. The firm’s 50-day moving average price is $15.55 and its 200 day moving average price is $14.72. Wendy’s Company has a 52 week low of $9.82 and a 52 week high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The business had revenue of $320.34 million for the quarter. During the same period last year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was down 16.3% compared to the same quarter last year. Equities analysts anticipate that Wendy’s Company will post $0.47 EPS for the current year.

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In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WEN. Raymond James Financial Services Advisors Inc. raised its stake in Wendy’s Company (The) by 409.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 103,428 shares of the restaurant operator’s stock worth $1,408,000 after buying an additional 83,136 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Wendy’s Company (The) during the first quarter worth approximately $174,000. Sei Investments Co. raised its stake in Wendy’s Company (The) by 401.9% in the first quarter. Sei Investments Co. now owns 27,806 shares of the restaurant operator’s stock worth $378,000 after buying an additional 22,266 shares in the last quarter. AMG National Trust Bank raised its stake in Wendy’s Company (The) by 12.2% in the first quarter. AMG National Trust Bank now owns 41,360 shares of the restaurant operator’s stock worth $563,000 after buying an additional 4,483 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Wendy’s Company (The) by 24.5% in the first quarter. LS Investment Advisors LLC now owns 17,694 shares of the restaurant operator’s stock worth $241,000 after buying an additional 3,483 shares in the last quarter. Hedge funds and other institutional investors own 77.76% of the company’s stock.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company 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 a restaurant company specializing in the hamburger sandwich segment.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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