November 30, 2016 - By Peter Erickson · 0 Comments
Wendys International Inc (NASDAQ:WEN) institutional sentiment decreased to 0.73 in Q2 2016. Its down -0.54, from 1.27 in 2016Q1. The ratio is negative, as 118 funds increased or opened new stock positions, while 93 decreased and sold their positions in Wendys International Inc. The funds in our partner’s database now possess: 205.85 million shares, up from 201.87 million shares in 2016Q1. Also, the number of funds holding Wendys International Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 27 Reduced: 66 Increased: 91 New Position: 27.
The Wendy’s Company is the parent company of its subsidiary holding firm Wendy’s Restaurants, LLC . The company has a market cap of $3.26 billion. Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. It has a 18.24 P/E ratio. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment.
About 2.01M shares traded hands. Wendys Co (NASDAQ:WEN) has risen 15.93% since April 27, 2016 and is uptrending. It has outperformed by 10.70% the S&P500.
Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 14. They expect $0.09 EPS, down 25.00% or $0.03 from last year’s $0.12 per share. WEN’s profit will be $23.05M for 35.36 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS reported by Wendys Co for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.
According to Zacks Investment Research, “The Wendy’s Company is the world’s third-largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.”
Managed Asset Portfolios Llc holds 6.77% of its portfolio in Wendys Co for 1.61 million shares. Trian Fund Management L.P. owns 40.79 million shares or 3.74% of their US portfolio. Moreover, Horizon Kinetics Llc has 3.13% invested in the company for 12.95 million shares. The New York-based Eminence Capital Lp has invested 1.13% in the stock. Olstein Capital Management L.P., a New York-based fund reported 801,290 shares.#img1#
Ratings analysis reveals 54% of Wendy’s’s analysts are positive. Out of 13 Wall Street analysts rating Wendy’s, 7 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $9.50 while the high is $13. The stock’s average target of $10.95 is -13.98% below today’s ($12.73) share price. WEN was included in 20 notes of analysts from August 6, 2015. The firm earned “Neutral” rating on Thursday, October 1 by Nomura. Nomura upgraded Wendys Co (NASDAQ:WEN) on Monday, January 4 to “Buy” rating. The rating was reinitiated by Bernstein on Thursday, May 26 with “Market Perform”. On Monday, November 2 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The stock of Wendys Co (NASDAQ:WEN) has “Buy” rating given on Friday, September 11 by Guggenheim. On Tuesday, August 2 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was maintained by Goldman Sachs with “Buy” on Thursday, August 11. The rating was upgraded by JP Morgan to “Overweight” on Thursday, August 6. The rating was maintained by Citigroup on Wednesday, October 5 with “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Thursday, February 11 report.
The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.
Another recent and important Wendys Co (NASDAQ:WEN) news was published by Investorplace.com which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Peter Erickson