Wendy’s (NASDAQ:WEN) Hits New 52-Week Low at $17.59

The Wendy’s Company (NASDAQ:WENGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $17.59 and last traded at $17.70, with a volume of 155477 shares changing hands. The stock had previously closed at $17.77.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Wendy’s from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Stephens restated an “equal weight” rating and set a $20.00 price target on shares of Wendy’s in a report on Thursday, May 2nd. UBS Group lifted their price objective on Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. cut shares of Wendy’s from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, February 21st. Finally, Piper Sandler increased their price objective on shares of Wendy’s from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.06.

Check Out Our Latest Stock Analysis on Wendy’s

Wendy’s Stock Down 1.2 %

The company has a current ratio of 2.04, a quick ratio of 2.02 and a debt-to-equity ratio of 11.21. The company has a 50-day simple moving average of $18.86 and a 200 day simple moving average of $18.99. The company has a market cap of $3.60 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.79 and a beta of 0.78.

Wendy’s (NASDAQ:WENGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $534.80 million for the quarter, compared to analysts’ expectations of $540.84 million. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. On average, equities analysts anticipate that The Wendy’s Company will post 1 EPS for the current year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.70%. Wendy’s’s payout ratio is 101.01%.

Insiders Place Their Bets

In other Wendy’s news, Director Kenneth W. Gilbert sold 4,500 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $18.07, for a total value of $81,315.00. Following the completion of the sale, the director now directly owns 31,304 shares in the company, valued at approximately $565,663.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $19.50, for a total transaction of $873,717.00. Following the transaction, the chief marketing officer now directly owns 27,586 shares of the company’s stock, valued at $537,927. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth W. Gilbert sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the completion of the transaction, the director now directly owns 31,304 shares of the company’s stock, valued at approximately $565,663.28. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisor Resource Council purchased a new position in Wendy’s in the fourth quarter worth $372,000. Highlander Capital Management LLC grew its position in Wendy’s by 250.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 1,000 shares during the last quarter. AQR Capital Management LLC increased its stake in Wendy’s by 193.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,277,958 shares of the restaurant operator’s stock valued at $26,083,000 after purchasing an additional 842,856 shares in the last quarter. Citigroup Inc. increased its stake in Wendy’s by 484.0% during the 3rd quarter. Citigroup Inc. now owns 209,718 shares of the restaurant operator’s stock valued at $4,280,000 after purchasing an additional 173,805 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Wendy’s in the fourth quarter worth $1,631,000. 85.96% of the stock is owned by institutional investors.

About Wendy’s

(Get Free Report)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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