Better Times Ahead For Wendy’s Co (NASDAQ: WEN)?

Wendy’s Co (WEN) concluded trading on Wednesday at a closing price of $18.45, with 3.52 million shares of worth about $64.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.11% during that period and on on Wednesday the price saw a gain of about 1.88%. Currently the company’s common shares owned by public are about 205.40M shares, out of which, 187.46M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 290,026 shares in 32 of the transactions. In 22 selling transactions, insiders dumped 22,282,858 shares.

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Stock saw a price change of 3.25% in past 5 days and over the past one month there was a price change of -4.90%. Year-to-date (YTD), WEN shares are showing a performance of -5.29% which decreased to -17.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.64 but also hit the highest price of $23.90 during that period. The average intraday trading volume for Wendy’s Co shares is 2.78 million. The stock is currently trading -1.74% below its 20-day simple moving average (SMA20), while that difference is down -3.82% for SMA50 and it goes to -8.95% lower than SMA200.

Wendy’s Co (NASDAQ: WEN) currently have 205.40M outstanding shares and institutions hold larger chunk of about 78.15% of that.

The stock has a current market capitalization of $3.79B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 19.08, while it has posted earnings per share of $0.97 in the same period. Its PEG reads 1.76 and has Quick Ratio of 2.18 while making debt-to-equity ratio of 13.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WEN, volatility over the week remained 2.31% while standing at 2.26% over the month.

Analysts are in expectations that Wendy’s Co (WEN) stock would likely to be making an EPS of $0.21 in the current quarter, while forecast for next quarter EPS is $0.28 and it is $1.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.2 which is $0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.51% while it is estimated to increase by 11.13% in next year. EPS is likely to grow at an annualized rate of 10.81% for next 5-years, compared to annual growth of 10.66% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Bernstein on February 22, 2024 offering a Mkt perform rating for the stock and assigned a target price range of between $24 and $20 to it. Coverage by JP Morgan stated Wendy’s Co (WEN) stock as a Neutral in their note to investors on February 21, 2024, suggesting a price target of $19 for the stock. On January 16, 2024, Gordon Haskett Downgrade their recommendations, while on January 03, 2024, Barclays Downgrade their ratings for the stock with a price target of $21. Stock get a Neutral rating from Wedbush on December 21, 2023.

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