The Wendy’s Company (NASDAQ:WEN) registered a 1.34% increase, still its new closing price is 56.81% up from the company’s 1 year high of 14.07.It posted -1.59% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 4 buy or better ratings. The 22 stock analysts following this company have an average price target at $13.29, with individual PT in the $10.00-$18.00 range. The shares moved at $13.62, implying that brokerage firms see shares gaining about 35.87% in twelve months time.
The Wendy’s Company (WEN) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 0.74% rise year to date. A 10% Owner at The Wendy’s Company (WEN) acquired shares in a transaction closed on Tuesday December 06, 2016. Trian Partners Master Fund, L. bought 3,743,384 shares in the company at $12.79 each and collected $47,877,001 in proceeds. Trian Partners Master Fund, L. now owns 44,535,921 shares in the company after this transaction. A 10% Owner in the company, TRIAN FUND MANAGEMENT, L.P., disclosed a transaction on Tuesday December 06, 2016 that ended up paying $47,877,001 from the purchase of 3,743,384 shares at $12.79 per share.
The Wendy’s Company (NASDAQ:WEN) Upcoming Results on Tap
The Wendy’s Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.13 in that period. Sales during the quarter are predicted to arrive at $279.79 million.
Earnings surprise history: Last quarter, the company posted approximately $364.01 million in revenue and EPS of $0.11. The mean forecast was for $349.95 million and $0.10 a share, respectively. One quarter earlier, revenue for the stock was at $382.72 million, with earnings at $0.10/share.
The Wendy’s Company (WEN) Brokerage Update
The Wendy’s Company (WEN) is in Longbow’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Longbow, according to news reported on Friday January 06, 2017.Another important research note was issued by Guggenheim on Thursday December 01, 2016.The firm downgraded WEN to Neutral from Buy. Over the last six months and over the last three months, the shares of The Wendy’s Company (WEN), have changed 44.96% and 27.93%, respectively.