Wendys Co (WEN) was Downgraded by Guggenheim to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Guggenheim advised their investors in a research report released on Dec 1, 2016.
Many Wall Street Analysts have commented on Wendys Co. Wendys Co was Downgraded by Goldman to ” Neutral” on Nov 29, 2016. Wendys Co was Upgraded by Argus to ” Buy” 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 -0.06 points or -0.46% at $12.88 with 51,80,861 shares getting traded on Tuesday. Post opening the session at $12.7, the shares hit an intraday low of $12.66 and an intraday high of $12.92 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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.