Notable Price Action: Is Wendys Co’s Fuel Running Low? The Stock Reaches 52-Week High Today

Notable Price Action: Is Wendys Co's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Wendys Co (NASDAQ:WEN) hit a new 52-week high and has $13.33 target or 3.00% above today’s $12.94 share price. The 5 months bullish chart indicates low risk for the $3.39 billion company. The 1-year high was reported on Nov, 28 by If the $13.33 price target is reached, the company will be worth $101.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.38% or $0.05 during the last trading session, hitting $12.94. About 4.14 million shares traded hands or 0.98% up from the average. Wendys Co (NASDAQ:WEN) has risen 18.74% since April 25, 2016 and is uptrending. It has outperformed by 12.72% the S&P500.

Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 14. They expect $0.09 EPS, down 25.00% or $0.03 from last year’s $0.12 per share. WEN’s profit will be $23.58 million for 35.94 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS reported by Wendys Co for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

Wendys Co (NASDAQ:WEN) Ratings Coverage

Out of 13 analysts covering Wendy’s (NASDAQ:WEN), 8 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 62% are positive. Wendy’s has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of WEN in a report on Thursday, November 19 to “Buy” rating. Credit Suisse upgraded it to “Underperform” rating and $10 target price in Tuesday, August 11 report. The stock of Wendys Co (NASDAQ:WEN) earned “Buy” rating by Goldman Sachs on Thursday, August 11. The stock of Wendys Co (NASDAQ:WEN) has “Sector Perform” rating given on Tuesday, August 2 by RBC Capital Markets. Guggenheim initiated the stock with “Buy” rating in Friday, September 11 report. The rating was downgraded by JP Morgan on Thursday, February 11 to “Neutral”. The firm has “Neutral” rating given on Thursday, August 27 by Goldman Sachs. SunTrust initiated Wendys Co (NASDAQ:WEN) rating on Thursday, October 8. SunTrust has “Buy” rating and $11 price target. The firm earned “Buy” rating on Monday, January 4 by Nomura. The stock has “Outperform” rating given by RBC Capital Markets on Monday, November 2.

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 decreased to 0.72 in 2016 Q2. Its down 0.56, from 1.28 in 2016Q1. The ratio dived, 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.
Parkwood Ltd Co reported 50,134 shares or 0.08% of all its holdings. Sandy Spring State Bank reported 518 shares or 0% of all its holdings. Envestnet Asset holds 0% or 6,828 shares in its portfolio. Allianz Asset Ag has 0% invested in the company for 202,034 shares. Teachers has 711,820 shares for 0.01% of their US portfolio. Legal & General Gru Plc owns 119,760 shares or 0% of their US portfolio. Cantab Ptnrs Llp accumulated 28,138 shares or 0% of the stock. First Manhattan has 0% invested in the company for 5,029 shares. Rs Invest Mngmt Limited Liability Corporation holds 3.28M shares or 0.32% of its portfolio. Trian Fund Limited Partnership has invested 3.74% of its portfolio in Wendys Co (NASDAQ:WEN). Dubuque Retail Bank & accumulated 0% or 105 shares. Northern has 1.96M shares for 0.01% of their US portfolio. Retail Bank Of Montreal Can owns 15,360 shares or 0% of their US portfolio. Louisiana State Employees Retirement last reported 56,700 shares in the company. Art Advisors Lc holds 535,714 shares or 0.26% of its portfolio.

Another recent and important Wendys Co (NASDAQ:WEN) news was published by which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 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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