News articles about Wendys (NASDAQ:WEN) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wendys earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 46.8596415700376 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- What Analysts Recommend for McDonald’s (finance.yahoo.com)
- Should Wendy Williams Have Let A Black Woman Fill In For Her As Guest Host? Nicci Gilbert Thinks So. (madamenoire.com)
- James Gill: If Wendy Vitter is unfit for federal judgeship, it’s not because she left out her anti-abortion stance (theadvocate.com)
- NCAA corruption probe: What March Madness sponsors say (finance.yahoo.com)
- Little Debbie, Wendy’s team up to host Twitter ‘talk show’ – WAFB.com (wafb.com)
Several research analysts recently weighed in on WEN shares. Barclays cut their price target on shares of Wendys from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. SunTrust Banks boosted their price target on shares of Wendys to $22.00 in a report on Wednesday, January 3rd. Wedbush upgraded shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Wednesday, December 20th. BidaskClub cut shares of Wendys from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Co boosted their price target on shares of Wendys from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. Wendys presently has a consensus rating of “Hold” and an average target price of $17.40.
Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $309.25 million during the quarter. Wendys had a return on equity of 21.24% and a net margin of 15.86%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. equities analysts forecast that Wendys will post 0.55 EPS for the current year.
Wendys announced that its Board of Directors has approved a stock repurchase program on Thursday, February 15th that authorizes the company to repurchase $175.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.085 dividend. This is a positive change from Wendys’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.34 annualized dividend and a yield of 2.00%. Wendys’s payout ratio is currently 170.00%.
In other Wendys news, CFO Gunther Plosch purchased 5,000 shares of the stock in a transaction dated Wednesday, March 7th. The shares were bought at an average price of $16.62 per share, with a total value of $83,100.00. Following the completion of the transaction, the chief financial officer now directly owns 25,000 shares in the company, valued at approximately $415,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Trian Partners Parallel Fund I sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $16.50, for a total transaction of $82,500,000.00. Following the completion of the sale, the insider now directly owns 5,409,971 shares in the company, valued at approximately $89,264,521.50. The disclosure for this sale can be found here. Insiders own 26.50% of the company’s stock.
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.
Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.