Currently, there are 205.40M common shares owned by the public and among those 187.03M shares have been available to trade.
The company’s stock has a 5-day price change of 13.45% and -4.21% over the past three months. WEN shares are trading -7.75% year to date (YTD), with the 12-month market performance down to -15.87% lower. It has a 12-month low price of $15.61 and touched a high of $22.42 over the same period. WEN has an average intraday trading volume of 3.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.69%, 3.38%, and -3.61% respectively.
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Institutional ownership of Wendy’s Co (NASDAQ: WEN) shares accounts for 85.86% of the company’s 205.40M shares outstanding.
It has a market capitalization of $3.69B and a beta (3y monthly) value of 0.75. The stock’s trailing 12-month PE ratio is 18.25, while the earnings-per-share (ttm) stands at $0.98. The company has a PEG of 1.74 and a Quick Ratio of 2.02 with the debt-to-equity ratio at 14.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.02% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to increase by 2.73%, and 9.24% over the next financial year. EPS should shrink at an annualized rate of 10.49% over the next five years, compared to 10.66% over the past 5-year period.
Looking at the support for the WEN, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on June 13, 2024, with the firm’s price target at $16. Stephens coverage for the Wendy’s Co (WEN) stock in a research note released on April 12, 2024 offered a Equal-Weight rating with a price target of $20. Bernstein was of a view on February 22, 2024 that the stock is Mkt Perform, while JP Morgan gave the stock Neutral rating on February 21, 2024, issuing a price target of $22- $19. Gordon Haskett on their part issued Hold rating on January 16, 2024.
