Wendy’s Co [WEN] stock prices are up 1.34% to $18.85 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WEN shares have gain 2.84% over the last week, with a monthly amount glided 2.17%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, The Wendy’s Company to Report First Quarter 2024 Results on May 2. In a post published today on Yahoo Finance, The Wendy’s Company (Nasdaq: WEN) will release its first quarter 2024 results before the market opens on Thursday, May 2. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company’s Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company’s Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 399477. An archived webcast and presentation materials will be available on the Company’s Investor Relations website.
From an analyst’s perspective:
Wendy’s Co [NASDAQ: WEN] stock has seen the most recent analyst activity on February 22, 2024, when Bernstein downgraded its rating to a Mkt Perform and also revised its price target to $20 from $24. Previously, JP Morgan downgraded its rating to Neutral on February 21, 2024, and dropped its price target to $19. On January 16, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $21 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $21 on January 03, 2024. Wedbush downgraded its rating to a Neutral but $21 remained the price target by the analyst firm on December 21, 2023. Deutsche Bank started tracking with a Hold rating for this stock on October 19, 2023, and assigned it a price target of $20.
The stock price of Wendy’s Co [WEN] has been fluctuating between $17.64 and $23.90 over the past year. Currently, Wall Street analysts expect the stock to reach $25.12 within the next 12 months. Wendy’s Co [NASDAQ: WEN] shares were valued at $18.85 at the most recent close of the market. An investor can expect a potential return of 33.26% based on the average WEN price forecast.
Analyzing the WEN fundamentals
The Wendy’s Co [NASDAQ:WEN] reported sales of 2.18B for trailing twelve months, representing a surge of 0.77%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.56 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of9.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.51 points at the first support level, and at 18.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.03, and for the 2nd resistance point, it is at 19.22.
Wendy’s Co [WEN] reported earnings per share of $0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of -$0.02 and a surprise factor of -8.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.27 per share as compared to estimates of $0.25 per share, a difference of $0.02 representing a surprise of 8.00%.
Ratios To Look Out For
It’s worth pointing out that Wendy’s Co [NASDAQ:WEN]’s Current Ratio is 2.19. Also, the Quick Ratio is 2.18, while the Cash Ratio stands at 1.54. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 12.50 and price to earnings (TTM) ratio is 19.49.
Transactions by insiders
Recent insider trading involved GILBERT KENNETH W, Director, that happened on Mar 01 ’24 when 4500.0 shares were sold. Director, LEVATO JOSEPH A completed a deal on Dec 01 ’23 to sell 20000.0 shares. Meanwhile, Director Peltz Matthew H. sold 2.91 million shares on Aug 22 ’23.
