The Wendy’s Company (NASDAQ:WEN – Free Report) – Stock analysts at Wedbush lifted their Q1 2024 earnings per share estimates for shares of Wendy’s in a research note issued on Wednesday, August 9th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.24. Wedbush has a “Outperform” rating and a $26.50 price objective on the stock. The consensus estimate for Wendy’s’ current full-year earnings is $0.98 per share. Wedbush also issued estimates for Wendy’s’ Q4 2024 earnings at $0.28 EPS.
Wendy’s (NASDAQ:WEN – Get Free Report) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Wendy’s had a net margin of 8.86% and a return on equity of 47.23%. The business had revenue of $561.57 million during the quarter, compared to the consensus estimate of $566.24 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year.
View Our Latest Stock Report on WEN
Wendy’s Price Performance
WEN stock opened at $21.53 on Friday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.17 and a beta of 0.90. The company has a quick ratio of 2.50, a current ratio of 2.48 and a debt-to-equity ratio of 8.56. Wendy’s has a 12-month low of $18.50 and a 12-month high of $23.90. The company’s fifty day simple moving average is $21.71 and its 200 day simple moving average is $21.97.
Wendy’s Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 4.64%. Wendy’s’s dividend payout ratio is currently 111.11%.
Insider Activity at Wendy’s
In other Wendy’s news, Director Nelson Peltz sold 529,417 shares of Wendy’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $22.73, for a total transaction of $12,033,648.41. Following the completion of the transaction, the director now owns 21,176,353 shares of the company’s stock, valued at approximately $481,338,503.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nelson Peltz sold 529,417 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $22.73, for a total value of $12,033,648.41. Following the transaction, the director now owns 21,176,353 shares of the company’s stock, valued at $481,338,503.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew H. Peltz sold 443,725 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $22.76, for a total value of $10,099,181.00. Following the transaction, the director now owns 20,732,628 shares of the company’s stock, valued at $471,874,613.28. The disclosure for this sale can be found here. 20.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Wendy’s
A number of institutional investors and hedge funds have recently bought and sold shares of WEN. Raymond James & Associates increased its holdings in shares of Wendy’s by 76.5% in the 1st quarter. Raymond James & Associates now owns 81,161 shares of the restaurant operator’s stock worth $1,783,000 after buying an additional 35,183 shares during the last quarter. American Century Companies Inc. grew its position in Wendy’s by 16.3% in the first quarter. American Century Companies Inc. now owns 25,011 shares of the restaurant operator’s stock worth $549,000 after acquiring an additional 3,498 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in Wendy’s during the first quarter worth about $215,000. Citigroup Inc. lifted its stake in Wendy’s by 30.1% during the first quarter. Citigroup Inc. now owns 26,257 shares of the restaurant operator’s stock worth $577,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Wendy’s during the first quarter worth about $221,000. 84.51% of the stock is owned by hedge funds and other institutional investors.
About Wendy’s
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.
Featured Articles
- Five stocks we like better than Wendy’s
- How to Read Stock Charts for Beginners
- Investing in Coffee: 3 Great Strategies to Consider
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 5 Best Stocks to Buy in a Bear Market
- How to Invest in Hotel Stocks
- 3 Pharmaceutical Stocks to Buy and Hold for the Long Haul
Receive News & Ratings for Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.
