The stock of The Wendy’s Company (NASDAQ:WEN) decreased by $0.0 on Wednesday to $21.42, down -0.02 percent. The last five days have seen an average of 1,891,439 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.23. The average number of shares traded over the last 20 days was 2,363,080, while the average volume over the last 50 days totaled 2,432,628.
WEN stock appreciated 1.11% since last month. On 07/26/23, the company’s shares reached a one-month low of $21.07. The stock touched a high of $23.90 on 05/10/23, after rallying from a low of $18.50 in 52 weeks. The price of WEN stock has declined by -5.37% or -$1.23 this year, reaching a new high 6 times. Still, the stock price is down -10.40% from the 52-week high.
Insider Transactions
WEN stock investors should be aware that The Wendy’s Company (WEN) stock had its last reported insider trading activity 75 days ago on Jun 02. On Jun 02, Director MAY PETER W sold 443,725 shares at $22.76 each. This transaction resulted in the insider making $10,099,447. On Jun 02, Peltz Matthew H. sold 443,725 shares at a price of US$22.76. After the transaction, the insider now owns 20,732,628 shares. Director PELTZ NELSON had earlier sold 443,725 shares on Jun 02 for $22.76 a share. The transaction was completed for $10,099,447.
Valuation Metrics
The Wendy’s Company (WEN) has a trailing price-to-earnings (P/E) ratio of 24.01. Beta for the stock is 0.89. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.09, the price-to-book (PB) ratio of 11.51, and the price-to-cash flow ratio of 20.69.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the three months ended June 29, The Wendy’s Company’s quick ratio was 2.50, while its current ratio was 2.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 8.56, and the total debt to equity ratio is 8.69. As far as profitability goes, gross margin for the trailing twelve months is 62.50% percent. The Wendy’s Company’s EBITDA margin for the year ended June 29 was 23.85%, whereas its operating margin stood at 17.40% for the same period. Based on annual data, it had gross profit of $1.28 billion and revenue of $2.1 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WEN’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 44.60%.
Earnings Surprise
According to The Wendy’s Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $561.57 million, while revenues rose by 4.24% to $528.81 million. It was predicted that The Wendy’s Company’s quarterly earnings would be $0.28, but it ended up being $0.27, beating the consensus by 3.70%. EBITDA was $145.04 million for the quarter. At the end of The Wendy’s Company’s most recent quarter ended June 29, its liabilities totaled 4.96 billion, while its total debt was $4.21 billion. Equity owned by shareholders amounts to $209.29 million.
Technical Picture
Here’s a quick look at The Wendy’s Company’s (WEN) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 44.60%, suggesting the stock is Neutral, with a 15.18% historical volatility rate.
The stochastic %K and %D were 23.02% and 29.82% respectively, while the average true range (ATR) was 0.37. Based on the 14-day stochastic reading of 13.98%, the RSI (14) reading is 45.72%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.04.
Analyst Ratings
Analysts have assigned The Wendy’s Company (WEN) an Overweight rating. WEN is a stock that is recommended for selling by 0 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is WEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $22.00 and $31.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for The Wendy’s Company (WEN) is $25.02.
