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WEN

Wendy's

$15.70

-0.05 (-0.32%)

16:12
02/15/18
02/15
16:12
02/15/18
16:12

Wendy's raises dividend 21%, announces new $175M share repurchase program

The Wendy's Company announced that its Board of Directors has authorized a 21% increase in the quarterly cash dividend rate from 7c to 8.5c per share. The increase will be effective with the next quarterly dividend payment, which is payable March 15 to shareholders of record as of March 1. The approximate number of common shares outstanding as of February 13, 2018 was 239.5M. The Company also announced that its Board of Directors approved a new share repurchase program for up to $175M of the Company's common stock through March 3, 2019. The Company intends to repurchase shares with existing cash on its balance sheet and cash flow from operations.

  • 22

    Feb

  • 07

    Mar

  • 30

    May

WEN Wendy's
$15.70

-0.05 (-0.32%)

12/20/17
12/20/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Continental (UAL) upgraded to Buy from Neutral at Buckingham with the firm citing the active steps the company is taking to address revenue weakness, its commercial initiatives, a favorable macro backdrop that is driving booking strength, and the longer term cash implications of tax reform. 2. Wendy's (WEN) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan citing "solid" same-store sales growth and visibility into free cash flow generation. 3. Biogen (BIIB) upgraded to Outperform from Neutral at Credit Suisse with analyst Alethia Young saying a "significant turnaround" is underway for Biogen's business. 4. Steel Dynamics (STLD) was upgraded to Buy from Neutral at Longbow while, U.S. Steel (X), AK Steel (AKS), and Nucor (NUE) were upgraded to Buy from Neutral. 5. Zimmer Biomet (ZBH) upgraded to Neutral from Sell at Goldman Sachs with analyst Isaac Ro saying he sees Bryan Hanson's CEO appointment as a positive step forward in the turnaround process, although he noted that the company's fundamentals are still challenged and the turnaround will take time. Shares were also upgraded to Outperform from Market Perform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
RHCO
01/03/18
NO CHANGE
Target $22
RHCO
Buy
Wendy's price target raised to $22 from $17 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Wendy's (WEN) to $22 as part of his "Buy the Tax News" research note on Restaurants. Bartlett says Wendy's multiple will expand to reflect investors' appreciation of the company's accelerating free cash flows and unit growth as it benefits from lower corporate tax rates. The analyst also expects the personal tax relief to support same store sales at Wendy's despite the greater focus on the value offered at McDonald's (MCD).
01/12/18
LBOW
01/12/18
DOWNGRADE
LBOW
Neutral
Wendy's downgraded to Neutral from Buy at Longbow
01/12/18
01/12/18
DOWNGRADE

Neutral
Wendy's downgraded to Neutral on valuation at Longbow
As previously reported, Longbow downgraded Wendy's to Neutral from Buy. Analyst Alton Stump lowered his Q4 franchised comp growth estimate to 1.5% from $2.6% following checks and said he changed his rating to Neutral primary on valuation as shares are near his prior $18 price target.

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