Wendy’s Co (NASDAQ:WEN) shares traded 1.20% higher at $16.86 on Wall Street last session.
WEN stock price is now -8.75% away from the 50-day moving average and -11.38% away from the 200-day moving average. The market capitalization of the company currently stands at $3.46B.
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With the price target of $16, Goldman recently initiated with Sell rating for Wendy’s Co (NASDAQ: WEN). , while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Dolan Kristin A, Director sold 21,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $365,182 at an average price of $17.39. Upon completion of the transaction, the Director now directly owns 39,478 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Global Chief Marketing Officer Loredo Juan Carlos sold 44,806 shares of the business’s stock. A total of $873,717 was realized by selling the stock at an average price of $19.50. This leaves the insider owning 27,586 shares of the company worth $0.47 million. A total of 8.80% of the company’s stock is owned by insiders.
During the past 12 months, Wendy’s Co has had a low of $16.22 and a high of $22.59. 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 stock market information, the enterprise value for the company is $7080457728, which is based on a 17.12 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for WEN is $18.448 and a two-hundred day moving average price translates $19.00835 for the stock.
The latest earnings results from Wendy’s Co (NASDAQ: WEN) was released for 2024-03-31. 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.
