Brokerages Set The Wendy's Company (NASDAQ:WEN) Price Target at $20.36

Shares of The Wendy's Company (NASDAQ:WEN - Get Free Report) have been given an average recommendation of "Hold" by the twenty analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.36.

Several research firms have weighed in on WEN. Wedbush reiterated a "neutral" rating and issued a $20.00 target price on shares of Wendy's in a report on Friday, November 1st. Wolfe Research raised Wendy's to a "strong-buy" rating in a research report on Friday, September 13th. Piper Sandler reduced their price target on shares of Wendy's from $23.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wendy's from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Friday, August 2nd. Finally, Tigress Financial reaffirmed a "buy" rating and set a $29.00 price objective on shares of Wendy's in a research note on Wednesday, September 4th.

Wendy's Stock Down 2.2 %

NASDAQ WEN traded down $0.41 during mid-day trading on Tuesday, reaching $18.38. 4,003,285 shares of the company's stock traded hands, compared to its average volume of 3,532,129. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.72 and a beta of 0.79. Wendy's has a 1-year low of $15.61 and a 1-year high of $20.65. The company has a fifty day simple moving average of $18.37 and a 200-day simple moving average of $17.71.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, hitting analysts' consensus estimates of $0.25. The firm had revenue of $566.70 million during the quarter, compared to analysts' expectations of $560.50 million. Wendy's had a net margin of 8.76% and a return on equity of 70.02%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities research analysts expect that Wendy's will post 0.99 EPS for the current year.

Wendy's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.44%. Wendy's's dividend payout ratio is currently 105.26%.

Institutional Investors Weigh In On Wendy's

Several institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wendy's during the second quarter worth $27,000. Quarry LP acquired a new position in shares of Wendy's during the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC bought a new position in shares of Wendy's in the second quarter valued at about $33,000. Bessemer Group Inc. boosted its holdings in shares of Wendy's by 483.2% during the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator's stock worth $35,000 after buying an additional 1,551 shares during the period. 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.

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.