Today’s Stock On Watch: Is Buying Wendys Co Here a Winning Strategy?

Today's Stock On Watch: Is Buying Wendys Co Here a Winning Strategy?

The stock of Wendys Co (NASDAQ:WEN) is a huge mover today! About 620,906 shares traded hands. Wendys Co (NASDAQ:WEN) has risen 14.70% since March 8, 2016 and is uptrending. It has outperformed by 5.38% the S&P500.
The move comes after 7 months positive chart setup for the $2.80 billion company. It was reported on Oct, 11 by Barchart.com. We have $16.31 PT which if reached, will make NASDAQ:WEN worth $1.48 billion more.

Analysts await Wendys Co (NASDAQ:WEN) to report earnings on November, 9. They expect $0.10 earnings per share, up 11.11% or $0.01 from last year’s $0.09 per share. WEN’s profit will be $26.27M for 26.65 P/E if the $0.10 EPS becomes a reality. After $0.10 actual earnings per share reported by Wendys Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Wendys Co (NASDAQ:WEN) Ratings Coverage

Out of 12 analysts covering Wendy’s (NASDAQ:WEN), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Buy” rating and $13 target price in Wednesday, October 5 report. The rating was upgraded by Credit Suisse on Tuesday, August 11 to “Underperform”. The stock of Wendys Co (NASDAQ:WEN) has “Buy” rating given on Wednesday, August 19 by Vetr. The company was initiated on Friday, September 11 by Guggenheim. Evercore initiated the shares of WEN in a report on Tuesday, April 5 with “Buy” rating. On Thursday, August 6 the stock rating was maintained by UBS with “Sell”. The company was initiated on Friday, March 18 by Longbow. The stock of Wendys Co (NASDAQ:WEN) earned “Buy” rating by Goldman Sachs on Thursday, November 19. The stock of Wendys Co (NASDAQ:WEN) has “Buy” rating given on Monday, January 4 by Nomura. Goldman Sachs maintained Wendys Co (NASDAQ:WEN) on Thursday, August 11 with “Buy” rating.

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.”

Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.18, from 1.1 in 2016Q1. The ratio improved, as 26 funds sold all Wendys Co shares owned while 66 reduced positions. 27 funds bought stakes while 91 increased positions. They now own 205.85 million shares or 1.97% more from 201.87 million shares in 2016Q1.
Allianz Asset Mngmt Ag, a Germany-based fund reported 202,034 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Wendys Co (NASDAQ:WEN). The Tennessee-based Ftb Incorporated has invested 0% in Wendys Co (NASDAQ:WEN). Cadence Mngmt Ltd Liability Corporation has 0.02% invested in the company for 30,274 shares. The Illinois-based Geneva Ltd Co has invested 0% in Wendys Co (NASDAQ:WEN). Ibm Retirement Fund last reported 0.01% of its portfolio in the stock. Advsrs Ltd Limited Co has invested 0% of its portfolio in Wendys Co (NASDAQ:WEN). New York State Teachers Retirement accumulated 640,640 shares or 0.02% of the stock. The New York-based Clinton Grp Inc has invested 0.38% in Wendys Co (NASDAQ:WEN). Mercer Capital Advisers holds 500 shares or 0% of its portfolio. Nicholas Inc Wi holds 0.07% or 351,485 shares in its portfolio. Geode Cap Mgmt Ltd Limited Liability Company holds 1.49 million shares or 0.01% of its portfolio. Orrstown Ser holds 0.32% of its portfolio in Wendys Co (NASDAQ:WEN) for 31,000 shares. King Wealth Management Gru Limited Liability Corporation holds 0.46% or 89,906 shares in its portfolio. Sg Americas Securities Ltd Limited Liability Company holds 72,457 shares or 0% of its portfolio.

Insider Transactions: Since May 13, 2016, the stock had 1 insider purchase, and 0 sales for $210,018 net activity. The insider Plosch Gunther bought $210,018.

Another recent and important Wendys Co (NASDAQ:WEN) news was published by Reuters.com which published an article titled: “BRIEF-The wendy’s Co names EJWunsch general counsel and secretary” on September 14, 2016.

WEN Company Profile

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.

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