Wendy’s Co [WEN] stock is trading at $17.19, up 2.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WEN shares have gain 8.59% over the last week, with a monthly amount glided 3.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wendy’s Co [NASDAQ: WEN] stock has seen the most recent analyst activity on June 13, 2024, when Goldman initiated its Sell rating and assigned the stock a price target of $16. On February 22, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $20 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $19 on February 21, 2024. Gordon Haskett downgraded its rating to a Hold but $21 remained the price target by the analyst firm on January 16, 2024. Barclays downgraded its rating to Equal Weight for this stock on January 03, 2024, and downed its price target to $21. In a note dated December 21, 2023, Wedbush downgraded an Neutral rating on this stock but restated the target price of $21.
Wendy’s Co [WEN] stock has fluctuated between $15.61 and $22.42 over the past year. Currently, Wall Street analysts expect the stock to reach $24.23 within the next 12 months. Wendy’s Co [NASDAQ: WEN] shares were valued at $17.19 at the most recent close of the market. An investor can expect a potential return of 40.95% based on the average WEN price forecast.
Analyzing the WEN fundamentals
Wendy’s Co [NASDAQ:WEN] reported sales of 2.19B for the trailing twelve months, which represents a growth of 1.12%. Gross Profit Margin for this corporation currently stands at 0.3% 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 0.62 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 14.03.
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 16.91 points at the first support level, and at 16.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.37, and for the 2nd resistance point, it is at 17.54.
Ratios To Look Out For
For context, Wendy’s Co’s Current Ratio is 2.04. In addition, the Quick Ratio stands at 2.02 and the Cash Ratio stands at 1.17. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 12.02 and price to earnings (TTM) ratio is 17.46.
Transactions by insiders
Recent insider trading involved Dolan Kristin A, Director, that happened on Jun 03 ’24 when 21000.0 shares were sold. Global Chief Marketing Officer, Loredo Juan Carlos completed a deal on May 09 ’24 to sell 44806.0 shares. Meanwhile, Director GILBERT KENNETH W sold 4500.0 shares on Mar 01 ’24.
