Wendys (WEN) Getting Somewhat Positive Media Coverage, Analysis Shows

News articles about Wendys (NASDAQ:WEN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wendys earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 46.8596415700376 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently issued reports on WEN shares. Barclays decreased their price target on shares of Wendys from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. SunTrust Banks increased their target price on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd. Wedbush raised shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, December 20th. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Oppenheimer began coverage on shares of Wendys in a research note on Monday, March 19th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.48.

Shares of NASDAQ:WEN traded up $0.05 during trading on Thursday, reaching $17.38. The stock had a trading volume of 3,785,191 shares, compared to its average volume of 4,086,181. Wendys has a one year low of $13.38 and a one year high of $17.70. The stock has a market capitalization of $4,101.17, a P/E ratio of 40.42, a P/E/G ratio of 1.60 and a beta of 0.75. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.77 and a current ratio of 1.78.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $309.25 million during the quarter. Wendys had a net margin of 15.86% and a return on equity of 21.24%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. research analysts forecast that Wendys will post 0.55 EPS for the current year.

Wendys declared that its Board of Directors has approved a stock buyback plan on Thursday, February 15th that authorizes the company to repurchase $175.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.085 dividend. This is a positive change from Wendys’s previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, February 28th. Wendys’s dividend payout ratio (DPR) is presently 79.07%.

In other Wendys news, CFO Gunther Plosch purchased 5,000 shares of Wendys stock in a transaction on Wednesday, March 7th. The stock was bought at an average cost of $16.62 per share, with a total value of $83,100.00. Following the transaction, the chief financial officer now owns 25,000 shares of the company’s stock, valued at approximately $415,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Trian Partners Parallel Fund I sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $16.50, for a total transaction of $82,500,000.00. Following the transaction, the insider now directly owns 5,409,971 shares of the company’s stock, valued at $89,264,521.50. The disclosure for this sale can be found here. Company insiders own 26.50% of the company’s stock.

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About Wendys

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.

Insider Buying and Selling by Quarter for Wendys (NASDAQ:WEN)

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