In yesterday’s Wall Street session, Wendy’s Co (NASDAQ:WEN) shares traded at $19.11, down -5.91% from the previous session.
WEN stock price is now 6.35% away from the 50-day moving average and 6.07% away from the 200-day moving average. The market capitalization of the company currently stands at $3.88B.
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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, Peltz Matthew H., Director sold 1,000,000 shares of the company’s stock on Aug 08 ’24. The stock was sold for $17,180,000 at an average price of $17.18. Upon completion of the transaction, the Director now directly owns 14,943,466 shares in the company, valued at $285.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Director MAY PETER W sold 1,000,000 shares of the business’s stock. A total of $17,180,000 was realized by selling the stock at an average price of $17.18. This leaves the insider owning 14,943,466 shares of the company worth $285.57 million. A total of 8.95% of the company’s stock is owned by insiders.
During the past 12 months, Wendy’s Co has had a low of $15.61 and a high of $20.65. As of last week, the company has a debt-to-equity ratio of 14.99, a current ratio of 2.17, and a quick ratio of 2.15. According to the stock market information, the enterprise value for the company is $7766067200, which is based on a 19.71 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for WEN is $17.9684 and a two-hundred day moving average price translates $18.01665 for the stock.
The latest earnings results from Wendy’s Co (NASDAQ: WEN) was released for 2024-06-30. The net profit margin was 9.18% and return on equity was 60.65% for WEN. The company reported revenue of $570.73 million for the quarter, compared to $561.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.63 percent.
