Wunsch E.J. also sold $54,736 worth of The Wendy's Company (NASDAQ:WEN) shares. WEN price is down almost -0.17% from its 52-week high price of $17.36 a share but is up about 24.81% from its 52-week low price of $13.03 a share.
Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future.
The firm has current ratio of 1.80 that indicates firm has capacity of total assets to cover its short-term and long term obligations. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.12. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wendys.
The company reported its EPS on 9/29/2017. The firm earned $364 million during the quarter, compared to analysts' expectations of $350.35 million. The business's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share.
WEN has been the topic of several research reports. Royal Bank of Canada reiterated a "hold" rating and issued a $16.00 target price on shares of Wendys in a research note on Tuesday, November 7th. Wedbush raised shares of Wendys from a "neutral" rating to an "outperform" rating and set a $20.00 target price on the stock in a research note on Wednesday, December 20th.
Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, TheStreet cut Wendys from a "b-" rating to a "c+" rating in a research report on Wednesday, November 8th. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock.
In other news, insider Scott A. Weisberg bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, November 13th. It dived, as 23 investors sold The Wendy's Company shares while 95 reduced holdings.
The volatility measures taking place as price volatility of stock was 3.09% for a week and 2.46% for a month. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. The institutional investor held 47,744 shares of the railroads company at the end of 2017Q3, valued at $3.96 million, up from 39,287 at the end of the previous reported quarter. WFG Advisors LP lifted its stake in Wendys by 50.2% in the second quarter. They now have a $18.00 price objective on the restaurant operator's stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wendys by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator's stock worth $116,000 after purchasing an additional 692 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Wendys by 2.8% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator's stock valued at $144,000 after buying an additional 4,012 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Wendy's Company (The) during the second quarter valued at $137,000.
ATR value of the company was 1.45 and Relative Strength Index (RSI) was 76.53. The return on assets stands at 1.6%, Return on Equity now is 12.7% and the Return on Investment value is 8%. The stock has a market capitalization of $4,160.00, a PE ratio of 69.32, a PEG ratio of 2.24 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. Wendy's Company has a 52-week low of $8.89 and a 52-week high of $14.07. Stockholders of record on Friday, December 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. The stock has "Neutral" rating by Nomura on Thursday, November 9. Wendys's payout ratio is 112.00%. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & global trademark and copyright law. Fund Mngmt Sa holds 0.01% of its portfolio in The Wendy's Company (NASDAQ:WEN) for 125,400 shares. Global restaurants within the company's system are those based outside Canada and the U.S., and comprise restaurants in the United States' territories of Puerto Rico, Guam and U.S. Virgin Islands.