Wendy’s (WEN) – Investment Analysts’ Recent Ratings Updates

Wendy’s (NASDAQ: WEN) recently received a number of ratings updates from brokerages and research firms:

• 11/1/2024 – Wendy’s had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $20.00 price target on the stock.
• 11/1/2024 – Wendy’s had its price target raised by analysts at BMO Capital Markets from $19.00 to $20.00. They now have a “market perform” rating on the stock.
• 11/1/2024 – Wendy’s had its price target raised by analysts at Truist Financial Co. from $21.00 to $22.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Wendy’s had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $19.00 price target on the stock.
• 10/16/2024 – Wendy’s had its price target raised by analysts at TD Cowen from $17.00 to $19.00. They now have a “hold” rating on the stock.
• 10/8/2024 – Wendy’s had its price target raised by analysts at Citigroup Inc. from $18.00 to $18.75. They now have a “neutral” rating on the stock.
• 10/8/2024 – Wendy’s had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $19.00 price target on the stock.
• 9/16/2024 – Wendy’s had its price target raised by analysts at JPMorgan Chase & Co. from $20.00 to $22.00. They now have a “neutral” rating on the stock.
• 9/13/2024 – Wendy’s was upgraded by analysts at Wolfe Research to a “strong-buy” rating.

Wendy’s Stock Performance

NASDAQ WEN opened at $18.79 on Tuesday. The Wendy’s Company has a 52-week low of $15.61 and a 52-week high of $20.65. The stock has a market cap of $3.83 billion, a PE ratio of 19.78, a P/E/G ratio of 2.72 and a beta of 0.79. The firm has a 50-day moving average of $18.37 and a 200-day moving average of $17.71. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, sell-side analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, December 2nd. Wendy’s’s payout ratio is 105.26%.

Institutional Investors Weigh In On Wendy’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Wendy’s in the 2nd quarter valued at $27,000. Quarry LP purchased a new position in Wendy’s during the second quarter worth about $30,000. Bessemer Group Inc. grew its position in Wendy’s by 483.2% in the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 1,551 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Wendy’s in the 2nd quarter valued at about $33,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Wendy’s during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

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.