Wendys Co (WEN) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Nov 25, 2016.
On the company’s financial health, Wendys Co reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.10. The company had revenue of $364.01 million for the quarter, compared to analysts expectations of $351.98 million. The company’s revenue was down -21.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
Wendys Co closed down -0.05 points or -0.41% at $12.15 with 42,64,539 shares getting traded on Monday. Post opening the session at $12.19, the shares hit an intraday low of $12.1201 and an intraday high of $12.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Nov 9, 2016, Wendys Co announced a cash dividend of $0.0650. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.
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 Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International LLC (Wendys) which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International LLC (Wendys) which is the owner and franchisor of the Wendys restaurant system in the United States.