Wendy’s Company (The) (WEN) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Wendy’s Company (The) (NASDAQ: WEN) in the last few weeks:

  • 2/13/2017 – Wendy’s Company (The) had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $14.00 price target on the stock, up previously from $0.44.
  • 2/7/2017 – Wendy’s Company (The) had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $13.50 price target on the stock, up previously from $13.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/2/2017 – Wendy’s Company (The) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wendy’s shares have outpaced the Zacks classified Retail–Restaurants industry over the past one year. Sales initiatives like menu innovation and promotional offerings are driving growth. Increased investments in technology should quicken service and thus, result in increased customer count. Reimaging of its restaurants is also expected to boost traffic and drive higher sales. Estimates too have been stable lately ahead of Wendy’s Q4 earnings release and the company has positive record of earnings surprises in recent quarters Yet, Wendy’s revenues have been declining year over year over the past few quarters due to reduction in the number of company-operated restaurants. Though transition to a franchise-based business model has been weighing on revenues in the near term, it would lower Wendy’s general and administrative expenses and in turn, boost earnings going forward.”
  • 1/28/2017 – Wendy’s Company (The) had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.
  • 1/19/2017 – Wendy’s Company (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wendy’s revenues have been declining year over year over the past few quarters. The downside reflects a reduction in the number of company-operated restaurants. Though transition to a franchise-based business model would lower Wendy’s general and administrative expenses and boost earnings going forward, it has been weighing on revenues in the near term. Moreover, owing to the re-imaging and the impact of the sale of restaurants under the system optimization initiative, comps are expected to be under pressure in the near term. Nonetheless, sales initiatives like menu innovation, promotional offerings and international expansion of units are driving growth. However, rising costs, incremental capital spending, macroeconomic concerns along with near-term pressure on comps remain potent headwinds.”
  • 1/11/2017 – Wendy’s Company (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wendy’s shares have outperformed the Zacks categorized Retail–Restaurants industry over the past one year. Sales initiatives like menu innovation and promotional offerings are driving growth. Increased investments in technology should quicken service and thus, result in increased customer count. Reimaging of its restaurants is also expected to boost traffic and drive higher sales. Moreover, the company’s international business is poised to be a long-term growth driver. Yet, Wendy’s revenues have been declining year over year over the past few quarters due to reduction in the number of company-operated restaurants. Though transition to a franchise-based business model has been weighing on revenues in the near term, it would lower Wendy’s general and administrative expenses and in turn, boost earnings going forward. Yet, rising costs and a soft consumer spending environment in the U.S. restaurant space raises concern.”
  • 1/6/2017 – Wendy’s Company (The) had its “hold” rating reaffirmed by analysts at RBC Capital Markets. They now have a $13.00 price target on the stock.
  • 1/6/2017 – Wendy’s Company (The) was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • 12/19/2016 – Wendy’s Company (The) had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $15.00 price target on the stock.

Wendy’s Company (NASDAQ:WEN) traded up 0.28% during trading on Monday, reaching $14.37. 1,149,459 shares of the company were exchanged. The stock has a 50 day moving average price of $13.69 and a 200 day moving average price of $11.74. Wendy’s Company has a 12 month low of $9.15 and a 12 month high of $14.47. The firm has a market capitalization of $3.69 billion, a PE ratio of 20.89 and a beta of 0.97.

In other news, major shareholder Edward P. Garden purchased 3,743,384 shares of Wendy’s Company (The) stock in a transaction dated Tuesday, December 6th. The stock was bought at an average price of $12.79 per share, with a total value of $47,877,881.36. Following the completion of the acquisition, the insider now owns 240,365 shares in the company, valued at approximately $3,074,268.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 22.70% of the company’s stock.

The Wendy’s Company is the parent company of its subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant company specializing in the hamburger sandwich segment.

5 Day Chart for NASDAQ:WEN

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