Wendys Co (NASDAQ:WEN) – Equities research analysts at SunTrust Banks lowered their Q4 2019 earnings per share estimates for Wendys in a report released on Wednesday, May 8th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn $0.15 per share for the quarter, down from their prior estimate of $0.16. SunTrust Banks also issued estimates for Wendys’ Q1 2020 earnings at $0.16 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.20 EPS and Q4 2020 earnings at $0.21 EPS.
Wendys (NASDAQ:WEN) last released its earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $408.60 million during the quarter, compared to analyst estimates of $398.58 million. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share.
Several other research firms have also commented on WEN. Wedbush restated a “hold” rating and set a $20.00 price target on shares of Wendys in a research report on Wednesday. Stephens upped their price target on shares of Wendys to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of Wendys from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday. ValuEngine upgraded shares of Wendys from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, BidaskClub lowered shares of Wendys from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.15.
Wendys stock opened at $18.85 on Friday. The stock has a market cap of $4.35 billion, a PE ratio of 31.95, a PEG ratio of 2.25 and a beta of 0.77. The company has a debt-to-equity ratio of 4.25, a current ratio of 2.34 and a quick ratio of 2.33. Wendys has a one year low of $14.96 and a one year high of $19.45.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, May 31st. Wendys’s payout ratio is currently 67.80%.
In related news, insider Abigail E. Pringle sold 8,897 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total value of $154,362.95. Following the completion of the sale, the insider now owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of WEN. Norges Bank acquired a new stake in Wendys in the 4th quarter valued at about $56,554,000. FMR LLC lifted its holdings in Wendys by 280.4% in the 4th quarter. FMR LLC now owns 2,824,291 shares of the restaurant operator’s stock valued at $44,086,000 after acquiring an additional 2,081,924 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Wendys by 171.1% in the 4th quarter. Two Sigma Advisers LP now owns 2,642,829 shares of the restaurant operator’s stock valued at $41,255,000 after acquiring an additional 1,667,800 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Wendys by 1,553.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 1,092,875 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Wendys by 57.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,956,664 shares of the restaurant operator’s stock valued at $52,895,000 after acquiring an additional 1,074,389 shares during the last quarter. 78.28% of the stock is owned by institutional investors.
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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