Wendy’s Co (NASDAQ:WEN) shares traded 0.35% higher at $14.22 on Wall Street last session.
WEN stock price is now -15.86% away from the 50-day moving average and -19.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.90B.
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With the price target reduced from $22 to $14, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Wendy’s Co (NASDAQ: WEN). On June 13, 2024, Goldman recently initiated its ‘Sell’ rating on the stock quoting a target price of $16, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Mathews-Spradlin Mich J, Director sold 24,462 shares of the company’s stock on Nov 07 ’24. The stock was sold for $496,089 at an average price of $20.28. Upon completion of the transaction, the Director now directly owns 63,789 shares in the company, valued at $0.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Chf Corp Affrs & Sustnblty Ofc Esposito Liliana sold 52,009 shares of the business’s stock. A total of $1,020,937 was realized by selling the stock at an average price of $19.63. This leaves the insider owning 83,492 shares of the company worth $1.19 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 $13.98 and a high of $20.65. As of last week, the company has a debt-to-equity ratio of 15.77, a current ratio of 2.10, and a quick ratio of 2.08. According to the stock market information, the enterprise value for the company is $6514531328, which is based on a 15.13 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for WEN is $17.0146 and a two-hundred day moving average price translates $17.62835 for the stock.
The latest earnings results from Wendy’s Co (NASDAQ: WEN) was released for 2024-09-29. The net profit margin was 8.76% and return on equity was 64.34% for WEN. The company reported revenue of $566.74 million for the quarter, compared to $550.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.94 percent. For the current quarter, analysts expect WEN to generate $562.14M in revenue.
