The Wendy’s Company (NASDAQ:WEN) saw a downside of -1.31% to close Tuesday at $20.38 after subtracting -$0.27 on the day. The 5-day average trading volume is 2,247,740 shares of the company’s common stock. It has gained $21.51 in the past week and touched a new high 1 time within the past 5 days. An average of 2,492,340 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,482,348.
WEN’s 1-month performance is -4.86% or -$1.24 on its low of $20.20 reached on 08/22/23. The company’s shares have touched a 52-week low of $18.50 and high of $23.90, with the stock’s rally to the 52-week high happening on 05/10/23. YTD, WEN has lost -9.94% or -$2.25 and has reached a new high 6 times. However, the current price is down -14.73% from the 52-week high price.
Insider Transactions
WEN stock investors last saw insider trading activity on Jun 02.MAY PETER W (Director) most recently sold 443,725 shares at $22.76 per share on Jun 02. This transaction cost the insider $10,099,447. Director, Peltz Matthew H., sold 443,725 shares at a price of $22.76 on Jun 02. Then, on Jun 02, Director PELTZ NELSON sold 443,725 shares at a price of $22.76 per share. This transaction amounted to $10,099,447.
Valuation Metrics
WEN stock has a beta of 0.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.99 while the price-to-book (PB) in the most recent quarter is 10.96, with the price to cash flow ratio at 19.66.
The Wendy’s Company’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 8.56, while the total debt to equity was 8.69.. In terms of profitability, the gross margin trailing 12 months is 62.50%. The trailing 12-month EBITDA margin is 23.85% while for the period ending June 29, The Wendy’s Company’s operating margin was 17.40%. The firm’s gross profit as reported stood at $1.28 billion against revenue of $2.1 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.25% to $59.63 million, while revenue of $39.82 million was 33.22% off the previous quarter. Analysts expected WEN to announce $0.27 per share in earnings in its latest quarter, but it posted $0.28, representing a 3.70% surprise. EBITDA for the quarter stood at more than $145.04 million. WEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.96 billion, with total debt at $4.21 billion. Shareholders hold equity totaling $209.29 million.
Let’s look briefly at The Wendy’s Company (WEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 22.14% to suggest the stock is trending oversold, with historical volatility in this time period at 14.42%.
The stock’s 5-day moving average is $20.74, reflecting a -4.86% or -$1.04 change from its current price. WEN is currently trading -4.36% above its 20-day SMA, -3.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.28% and SMA200 by-0.59%.
Stochastic %K and %D was 6.85% and 4.82% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 28.85%, while the 14-day stochastic is at 8.13% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -0.71 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for WEN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WEN as a “sell,”, while 15 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is WEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $31.00, with their median price target at $24.50. Looking at these predictions, the average price target given by analysts is for The Wendy’s Company (WEN) stock is $24.98.
