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WEN

Wendy's

$17.05

-0.02 (-0.12%)

16:07
08/07/18
08/07
16:07
08/07/18
16:07

Wendy's reports Q2 adjusted EPS 14c, consensus 16c

Reports Q2 revenue $411M, consensus $407.69M. North America same-restaurant sales increased 1.9% (+5.1% on a two-year basis).

  • 08

    Aug

  • 15

    Aug

WEN Wendy's
$17.05

-0.02 (-0.12%)

07/19/18
SPHN
07/19/18
NO CHANGE
SPHN
Overweight
Odds low of Wendy's buying Papa John's, says Stephens
After The Wall Street Journal reported that Papa John's (PZZA) founder and former CEO John Schnatter had begun preliminary merger talks with Wendy's (WEN) before he stepped down as chairman, Stephens analyst Will Slabaugh said he views the likelihood of the burger chain acquiring Papa John's as low. However, the report, if true, confirms that Papa John's is willing to entertain M&A opportunities, said Slabaugh, who continues to view the company as an attractive long-term asset in a quick growing space and keeps an Overweight rating on the stock.
08/02/18
KERI
08/02/18
DOWNGRADE
KERI
Neutral
Wendy's downgraded to Neutral ahead of Q2 report at Kalinowski
Kalinowski Equity Research analyst Mark Kalinowski downgraded Wendy's to Neutral from Buy ahead of the Q2 report on August 7. Kalinowski' checks indicate July same-store-sales are trending below the +1.5% level and were the worst checks since February 2012. As a result, the analyst lowered his Q3 system-wide North American same-store sales forecast to a new consensus low of +1.5 from +2.5%. Kalinowski believes McDonald's (MCD) and Burger King, owned by Restaurant Brands (QSR), could become more "assertive" on promotions and discounting, making it difficult for Wendy's to right the ship.
08/02/18
08/02/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hanesbrands (HBI) downgraded to Equal Weight from Overweight at Barclays with analyst Chethan Mallela saying he sees a lack of visibility into the second half of the year following the company's Q2 results. 2. Royal Dutch Shell (RDS.A) downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Verisk Analytics (VRSK) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Arash Soleimani citing valuation. 4. People's Utah Bancorp (PUB) downgraded to Market Perform at Raymond James with analyst David Long citing valuation. 5. Wendy's (WEN) downgraded to Neutral ahead of Q2 report at Kalinowski with analyst Mark Kalinowski saying his checks indicate July same-store-sales are trending below the +1.5% level and were the worst checks since February 2012. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/18
08/02/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. OPCO UPGRADES TESLA TO OUTPERFORM: Oppenheimer analyst Colin Rusch upgraded Tesla (TSLA) to Outperform from Perform with a price target of $385 following Wednesday night's Q2 results. Gross margin performance on the Model 3 will carry the stock over the next 12-plus months, Rusch said. With higher volumes and slower spending, Tesla has "reached a critical inflection point in its development," the analyst added. He noted that despite some recent price pressure, Model S and X average selling prices have remained at relatively elevated levels. Rusch said he would not be surprised to see a similar scenario play out for the Model 3. SUNTRUST STARTS MAGNOLIA WITH A BUY: SunTrust analyst Neal Dingmann initiated Magnolia Oil & Gas (MGY) with a Buy rating and a price target of $18. The analyst noted that the company is a "unique E&P" with top-tier assets in the Eagle Ford and low leverage on its balance sheet. Dingmann is also positive on Magnolia's strong free cash flow and experience in transactions management. MORGAN STANLEY SAYS FERRARI SELLOFF A BUYING OPPORTUNITY: Morgan Stanley analyst Adam Jonas upgraded Ferrari (RACE) to Equal Weight from Underweight, stating that the stock's 10% selloff presents an opportunity to increase exposure with the stock now reflecting a more balanced assessment of the risks to the 2022 EUR2B EBITDA target. He raised his price target on Ferrari shares to $120 from $110. BARCLAYS CUTS HANESBRANDS: Barclays analyst Chethan Mallela downgraded Hanesbrands (HBI) to Equal Weight and lowered his price target for the shares to $19 from $22. The analyst sees a lack of visibility into the second half of the year following the company's Q2 results. WENDY'S CUT TO NEUTRAL: Kalinowski Equity Research analyst Mark Kalinowski downgraded Wendy's to Neutral from Buy ahead of the Q2 report on August 7. Kalinowski' checks indicate July same-store sales growth is trending below the 1.5% level and were the worst checks since February 2012. As a result, the analyst lowered his Q3 system-wide North American same-store sales growth forecast to a new consensus low of 1.5 from 2.5%. Kalinowski believes McDonald's (MCD) and Burger King, owned by Restaurant Brands (QSR), could become more "assertive" on promotions and discounting, making it difficult for Wendy's to right the ship.

TODAY'S FREE FLY STORIES

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Apple

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EMCI

EMC Insurance

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EEX

Emerald Expositions Events

$11.09

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LIVN

LivaNova

$98.00

-22.28 (-18.52%)

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BKH

Black Hills

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0.92 (1.45%)

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GOOG

Alphabet

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  • 28

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SE

Sea Limited

$12.18

-0.52 (-4.09%)

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Sea Limited reports Q3 net loss ($237.6M) vs. ($127.1M) last year »

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BILI

Bilibili

$13.61

0.575 (4.41%)

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Earnings
Bilibili reports Q3 revenue $157.1M, consensus $146.72M »

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  • 20

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LTM

Latam Airlines

$9.24

-0.4 (-4.15%)

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Breaking Hot Stocks news story on Latam Airlines »

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  • 21

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CE

Celanese

$100.26

-1.53 (-1.50%)

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BA

Boeing

$317.77

-3.09 (-0.96%)

, TSLA

Tesla

$347.60

-5.88 (-1.66%)

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TSLA

Tesla

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  • 27

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PLWTY

Panalpina World Transport

$0.00

(0.00%)

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Upgrade
Panalpina World Transport rating change  »

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VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

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British Columbia sets path for 100% zero-emission vehicle sales by 2040 »

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NSANY

Nissan

$0.00

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TM

Toyota

$117.29

0.2 (0.17%)

F

Ford

$9.06

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HMC

Honda

$27.60

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GM

General Motors

$35.09

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FCAU

Fiat Chrysler

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SPY

SPDR S&P 500 ETF Trust

$264.12

-5.16 (-1.92%)

, SPX

S&P 500

$0.00

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General news
U.S says China has not changed its 'unfair' trade practices »

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SPY

SPDR S&P 500 ETF Trust

$264.12

-5.16 (-1.92%)

SPX

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RBA

Ritchie Bros.

$34.27

-0.24 (-0.70%)

17:42
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Recommendations
Ritchie Bros. analyst commentary  »

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:39
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Earnings
Breaking Earnings news story on Foot Locker »

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  • 20

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FE

FirstEnergy

$37.96

-0.58 (-1.50%)

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Periodicals
FirstEnergy in pact to sell West Lorain facility to Starwood Energy, WSJ says »

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FIZZ

National Beverage

$90.53

-3.14 (-3.35%)

17:39
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Hot Stocks
National Beverage announces special cash dividend of $2.90 per share »

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OSK

Oshkosh

$65.31

-0.81 (-1.23%)

17:30
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Syndicate
Breaking Syndicate news story on Oshkosh »

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  • 20

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MDU

MDU Resources

$26.10

-0.49 (-1.84%)

17:27
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Hot Stocks
MDU Resources sees 2019-2023 CapEx $2.6B »

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MDU

MDU Resources

$26.10

-0.49 (-1.84%)

17:26
11/20/18
11/20
17:26
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17:26
Earnings
MDU Resources narrows FY18 EPS view to $1.30-$1.45 from $1.25-$1.45 

FY18 consensus $1.39.

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FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:22
11/20/18
11/20
17:22
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17:22
Earnings
Foot Locker backs FY18 EPS growth view in double digits, consensus $4.48 »

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  • 20

    Nov

FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:19
11/20/18
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Hot Stocks
Breaking Hot Stocks news story on Foot Locker »

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  • 20

    Nov

FL

Foot Locker

$46.10

-2.69 (-5.51%)

17:17
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Hot Stocks
Foot Locker says women's business was the strongest in footwear »

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  • 20

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