Standpoint Research lowered shares of Wendys (NYSE: WEN) from a buy rating to a hold rating in a report released on Wednesday.
WEN has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group raised their price target on shares of Wendys from $5.00 to $6.00 in a research note to investors on Friday, February 22nd. Separately, analysts at Credit Suisse downgraded shares of Wendys from a neutral rating to an underperform rating in a research note to investors on Friday, February 22nd. They now have a $5.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Wendys in a research note to investors on Monday, December 3rd. They now have a $5.00 price target on the stock.
Wendys opened at 5.70 on Wednesday. Wendys has a 52-week low of $4.09 and a 52-week high of $5.95. The stock’s 50-day moving average is currently $5.19. The company has a market cap of $2.229 billion and a price-to-earnings ratio of 712.50.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, February 27th.
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