Wendys Co (NASDAQ:WEN) – Oppenheimer upped their FY2018 earnings per share (EPS) estimates for shares of Wendys in a report released on Wednesday, January 9th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $0.57 for the year, up from their previous forecast of $0.56. Oppenheimer has a “Outperform” rating and a $20.00 price objective on the stock. Oppenheimer also issued estimates for Wendys’ FY2020 earnings at $0.80 EPS.
Wendys (NASDAQ:WEN) last announced its earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The firm had revenue of $400.55 million for the quarter. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year.
Shares of WEN stock opened at $16.46 on Thursday. Wendys has a 1-year low of $14.80 and a 1-year high of $18.68. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 3.52. The firm has a market cap of $3.77 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.71.
The business also recently announced a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.07%. Wendys’s payout ratio is 79.07%.
In other news, COO Robert D. Wright sold 28,300 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $17.78, for a total value of $503,174.00. Following the sale, the chief operating officer now owns 48,467 shares in the company, valued at $861,743.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Federated Investors Inc. PA raised its holdings in Wendys by 0.8% in the 3rd quarter. Federated Investors Inc. PA now owns 75,684 shares of the restaurant operator’s stock worth $1,297,000 after purchasing an additional 623 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of Wendys by 11.6% during the third quarter. Xact Kapitalforvaltning AB now owns 30,857 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 3,200 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Wendys by 4.8% during the third quarter. State Treasurer State of Michigan now owns 69,243 shares of the restaurant operator’s stock valued at $1,187,000 after acquiring an additional 3,200 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Wendys by 22.9% during the third quarter. Hsbc Holdings PLC now owns 21,979 shares of the restaurant operator’s stock valued at $377,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Wendys by 35.3% during the third quarter. Riverhead Capital Management LLC now owns 16,109 shares of the restaurant operator’s stock valued at $276,000 after acquiring an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.
The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products such as chicken breast sandwiches, nuggets, chili, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.
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