The stock of Wendy’s Co (NASDAQ:WEN) last traded at $19.43, up 0.26% from the previous session.
WEN stock price is now 3.04% away from the 50-day moving average and -0.10% away from the 200-day moving average. The market capitalization of the company currently stands at $3.99B.
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On February 22, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $24 to quote $20, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, GILBERT KENNETH W, Director sold 4,500 shares of the company’s stock on Mar 01 ’24. The stock was sold for $81,315 at an average price of $18.07. Upon completion of the transaction, the Director now directly owns 31,304 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, Director LEVATO JOSEPH A sold 20,000 shares of the business’s stock. A total of $383,626 was realized by selling the stock at an average price of $19.18. This leaves the insider owning 30,407 shares of the company worth $0.59 million. A total of 8.84% of the company’s stock is owned by insiders.
During the past 12 months, Wendy’s Co has had a low of $17.64 and a high of $23.90. As of last week, the company has a debt-to-equity ratio of 14.03, a current ratio of 2.04, and a quick ratio of 2.02.
According to the Restaurants Company, earnings per share came in at 0.28, beating analysts’ expectations of 0.27 by 0.01. This compares to $0.19 EPS in the same period last year. The net profit margin was 9.45% and return on equity was 57.94% for WEN. The company reported revenue of $534.75 million for the quarter, compared to $528.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.12 percent. For the current quarter, analysts expect WEN to generate $579.42M in revenue.
