In the last trading session, 3.06 million shares of the Wendy’s Co (NASDAQ:WEN) were traded, and its beta was 0.79. Most recently the company’s share price was $19.54, and it changed around $0.07 or 0.36% from the last close, which brings the market valuation of the company to $3.97B. WEN currently trades at a discount to its 52-week high of $20.65, offering almost -5.68% off that amount. The share price’s 52-week low was $15.61, which indicates that the current value has risen by an impressive 20.11% since then. We note from Wendy’s Co’s average daily trading volume that its 10-day average is 4.47 million shares, with the 3-month average coming to 3.44 million.
Wendy’s Co stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 1 out of 22 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 10 recommended WEN as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Wendy’s Co is expected to report earnings per share of 0.25 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Wendy’s Co (NASDAQ:WEN) trade information
Instantly WEN has showed a green trend with a performance of 0.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 19.86 on recent trading dayincreased the stock’s daily price by 1.61%. The company’s shares are currently up 0.31% year-to-date, but still down -0.81% over the last five days. On the other hand, Wendy’s Co (NASDAQ:WEN) is 10.46% up in the 30-day period. We can see from the shorts that 12.39 million shares have been sold at a short interest cover period of 3.78 day(s).
The consensus price target as assigned by Wall Street analysts is $22.5, which translates to bulls needing to increase their stock price by 13.16% from its current value. Analyst projections state that WEN is forecast to be at a low of $16 and a high of $30.
Wendy’s Co (WEN) estimates and forecasts
Wendy’s Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.98 percent over the past six months and at a 1.03% annual growth rate that is well below the industry average of 1.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.40% in revenue this quarter, and will report an increase of 9.50% in the next quarter. The year-over-year growth rate is expected to be 1.40%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 561.25M in revenue for the current quarter. 20 analysts expect Wendy’s Co to make 556.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 550.55M and 540.65M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.90%. Forecasts for the next quarter put sales growth at 2.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.66%. Wendy’s Co earnings are expected to increase by 1.84% in 2024, but the outlook is positive 7.34% per year for the next five years.
WEN Dividends
Wendy’s Co’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 5.12 percent and its annual dividend per share was 1.00. It is important to note, however, that the 5.12% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.82 per year.
Wendy’s Co (NASDAQ:WEN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.98% of Wendy’s Co shares, and 78.92% of them are in the hands of institutional investors. The stock currently has a share float of 86.72%. Wendy’s Co stock is held by 506.0 institutions, with TRIAN FUND MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 15.3419% of the shares, which is about 31.51 million shares worth $534.37 million.
VANGUARD GROUP INC, with 10.5824% or 21.73 million shares worth $368.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
