Somewhat Critical Media Coverage Very Likely to Impact Wendys (WEN) Stock Price

Pierre Vaugeois
Mai 12, 2017

Analysts surveyed by FactSet are looking for earnings of 46 cents per share.

Shares of Wendys (NASDAQ:WEN) traded up 0.38% during trading on Thursday, hitting $15.93. Vetr cut shares of Wendys from a "strong-buy" rating to a "buy" rating and set a $16.92 price target on the stock.in a report on Monday.

Currently, the market capitalization of The Wendy's Company (WEN) is 3.91 Billion. The stock notched a 12-month high of $14.50 while $18.00 target is by far the most aggressive out of analysts who are now evaluating the company, $3.5 higher than the next highest 52-week price estimate.

Analysts on average have given a price target of $14.39 to The Wendy's Company (WEN) stock.

Wendys (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, May 10th.

Revenue fell to $285.8 million from $378.8 million, as the chain had fewer company-run restaurants.

North America company-operated restaurant margin decreased 50 basis points (bps) to 16.7% primarily due to higher labor rates, partly offset by lower commodity costs. The firm's quarterly revenue was down 24.6% compared to the same quarter previous year. It also expects adjusted earnings per share of 45 cents to 47 cents, a respective increase of 13 per cent to 18 per cent over the past year. A month ago, they told us to expect earnings of US$0.13 per share while three months ago their EPS consensus estimate was US$0.13.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th.

The Wendy's Company was covered by a number of analysts recently, 4 rated the stock as Buy, 12 rated Hold, 1 rated sell and 0 gave an Underperform. Wendys's payout ratio is presently 38.24%.

Adjusted earnings per share and revenue for the first-quarter beat analysts' expectations.

Shares of the brand jumped to the best level in almost 10 years Wednesday as earnings outperformed analyst estimates for Q1 2017. Stephens reaffirmed an "overweight" rating and issued a $16.00 target price on shares of Wendys in a research note on Thursday, February 16th. Wells Fargo & Co restated a market perform rating and set a $13.50 target price (up from $13.00) on shares of Wendys in a report on Tuesday, February 7th. They issued an outperform rating and a $17.00 price objective on the stock.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

WARNING: "Wendys Co (WEN) Updates FY17 Earnings Guidance" was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright legislation. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/05/11/wendys-co-wen-position-raised-by-ifp-advisors-inc-updated.html. Laurion Capital Management LP acquired a new stake in shares of Wendys during the third quarter valued at approximately $122,000.

The number of shares now held by investors is 246.4 Million.

Wendy's outlook could be a sign the company is offering a superior value proposition against its peers and will continue to do so moving forward. Over the short term, some market observers may have noticed that The Wendy's Company has a 5.63% short float with 15 days to cover.

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