Wendys (NASDAQ:WEN) is scheduled to be releasing its earnings data before the market opens on Thursday, February 21st. Analysts expect Wendys to post earnings of $0.15 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Shares of WEN stock opened at $17.70 on Thursday. Wendys has a twelve month low of $14.96 and a twelve month high of $18.68. The stock has a market capitalization of $4.19 billion, a P/E ratio of 41.16, a PEG ratio of 1.30 and a beta of 0.80. The company has a debt-to-equity ratio of 3.52, a current ratio of 2.52 and a quick ratio of 2.51.
In other news, COO Robert D. Wright sold 28,300 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total transaction of $503,174.00. Following the completion of the transaction, the chief operating officer now owns 48,467 shares of the company’s stock, valued at approximately $861,743.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.10% of the company’s stock.
Several brokerages recently weighed in on WEN. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Wedbush reissued a “hold” rating and issued a $17.50 target price on shares of Wendys in a research note on Monday. Zacks Investment Research reissued a “hold” rating on shares of Wendys in a research note on Saturday, November 17th. ValuEngine raised shares of Wendys from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Finally, Mizuho set a $20.00 price objective on shares of Wendys and gave the company a “buy” rating in a research note on Thursday, November 8th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.65.
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Wendys Company Profile
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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