In the latest trading session, 1.16 million Wendy’s Co (NASDAQ:WEN) shares changed hands as the company’s beta touched 0.80. With the company’s most recent per share price at $18.91 changed hands at -$0.07 or -0.40% at last look, the market valuation stands at $3.84B. WEN’s current price is a discount, trading about -9.2% off its 52-week high of $20.65. The share price had its 52-week low at $15.61, which suggests the last value was 17.45% up since then. When we look at Wendy’s Co’s average trading volume, we note the 10-day average is 4.84 million shares, with the 3-month average coming to 3.46 million.
Analysts gave the Wendy’s Co (WEN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 1 out of 23 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended WEN as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Wendy’s Co’s EPS for the current quarter is expected to be 0.25.
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Wendy’s Co (NASDAQ:WEN) trade information
Instantly WEN was in red as seen in intraday trades today. With action -5.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.95%, with the 5-day performance at -5.43% in the red. However, in the 30-day time frame, Wendy’s Co (NASDAQ:WEN) is 7.54% up. Looking at the short shares, we see there were 13.41 million shares sold at short interest cover period of 4.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22.5, meaning bulls need an upside of 15.96% from its recent market value. According to analyst projections, WEN’s forecast low is 16 with 30 as the target high. To hit the forecast high, the stock’s price needs a -58.65% plunge from its current level, while the stock would need to tank 15.39% for it to hit the projected low.
Wendy’s Co (WEN) estimates and forecasts
Data shows that the Wendy’s Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -4.62% over the past 6 months, a 1.03% in annual growth rate that is considerably lower than the industry average of 1.90%. Year-over-year growth is forecast to reach 1.80% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 561.66M. 19 analysts are of the opinion that Wendy’s Co’s revenue for the current quarter will be 555.66M. The company’s revenue for the corresponding quarters a year ago was 550.55M and 540.65M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.00%. The estimates for the next quarter sales put growth at 2.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.66%. The 2024 estimates are for Wendy’s Co earnings to increase by 1.76%, but the outlook for the next 5-year period is at 7.93% per year.
WEN Dividends
Wendy’s Co is expected to release its next quarterly earnings report on 2024-Oct-31. The 5.29% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 5.29% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.82 per year.
Wendy’s Co (NASDAQ:WEN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.98% of Wendy’s Co shares while 79.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.14%. There are 79.31% institutions holding the Wendy’s Co stock share, with TRIAN FUND MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 15.3419% of the shares, roughly 31.51 million WEN shares worth $534.37 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.5824% or 21.73 million shares worth $368.6 million as of 2024-06-30.
