Wendys Co (WEN) is Downgraded by Nomura to Neutral

Wendys Co (WEN) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jun 22, 2016.

On the company’s financial health, Wendys Co reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.06. The company had revenue of $378.80 million for the quarter, compared to analysts expectations of $350.46 million. The company’s revenue was down -16.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Wendys Co closed down -0.02 points or -0.20% at $10.05 with 50,18,792 shares getting traded on Monday. Post opening the session at $10.15, the shares hit an intraday low of $10 and an intraday high of $10.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 16, 2016, Todd Allan Penegor (CFO) purchased 10,000 shares at $10.48 per share price. According to the SEC, on May 16, 2016, Gunther Plosch (CFO) purchased 20,000 shares at $10.50 per share price.

The Wendy’s Company is the parent company of its wholly owned subsidiary holding company Wendy’s Restaurants LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company 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 quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating developing and franchising a system of distinctive quick-service restaurants serving food. Wendy’s Restaurants is the parent company of Wendy’s International LLC (Wendy’s) which is the owner and franchisor of the Wendy’s restaurant system in the United States.

Wendys Co

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