The Wendy’s Company (NASDAQ:WEN) has a beta value of 0.92 and has seen 4.69 million shares traded in the last trading session. The company, currently valued at $5.10B, closed the last trade at $23.04 per share which meant it gained $0.11 on the day or 0.48% during that session. The WEN stock price is -27.86% off its 52-week high price of $29.46 and 18.14% above the 52-week low of $18.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.06 million shares traded. The 3-month trading volume is 2.25 million shares.
The consensus among analysts is that The Wendy’s Company (WEN) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 28 have rated it as a Hold, with 18 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.18.
3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Sporting 0.48% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/09/21 when the WEN stock price touched $23.04 or saw a rise of 0.56%. Year-to-date, The Wendy’s Company shares have moved 5.11%, while the 5-day performance has seen it change 2.49%. Over the past 30 days, the shares of The Wendy’s Company (NASDAQ:WEN) have changed 4.97%. Short interest in the company has seen 8.23 million shares shorted with days to cover at 4.08.
Wall Street analysts have a consensus price target for the stock at $27.06, which means that the shares’ value could jump 14.86% from current levels. The projected low price target is $23.00 while the price target rests at a high of $31.00. In that case, then, we find that the current price level is -34.55% off the targeted high while a plunge would see the stock lose 0.17% from current levels.
The Wendy’s Company (WEN) estimates and forecasts
The company’s shares have gained 2.49% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 9.10%.
19 analysts offering their estimates for the company have set an average revenue estimate of $471.7 million for the current quarter. 19 have an estimated revenue figure of $467.33 million for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.90% over the past 5 years. Earnings growth for 2021 is a modest -11.30% while over the next 5 years, the company’s earnings are expected to increase by 22.60%.
The Wendy’s Company is expected to release its next earnings report on November 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.48 at a share yield of 2.08%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.79%.
The Wendy’s Company (NASDAQ:WEN)’s Major holders
Insiders own 15.16% of the company shares, while shares held by institutions stand at 67.85% with a share float percentage of 79.97%. Investors are also buoyed by the number of investors in a company, with The Wendy’s Company having a total of 447 institutions that hold shares in the company. The top two institutional holders are Trian Fund Management, LP with over 26.63 million shares worth more than $623.69 million. As of Jun 29, 2021, Trian Fund Management, LP held 11.95% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 17.67 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $413.87 million and represent 7.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Jun 29, 2021, the former fund manager holds about 2.25% shares in the company for having 5.01 million shares of worth $117.31 million while later fund manager owns 4.77 million shares of worth $109.91 million as of Aug 30, 2021, which makes it owner of about 2.14% of company’s outstanding stock.