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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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PEP

PepsiCo

$113.29

0.19 (0.17%)

, MAR

Marriott

$119.80

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  • 02

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HMNY

Helios and Matheson

$0.04

-0.0135 (-27.00%)

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HMNY

Helios and Matheson

$0.04

-0.0141 (-28.20%)

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10:31
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General news
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BSX

Boston Scientific

$34.05

0.36 (1.07%)

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Options
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  • 15

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General news
The 0.1% U.S. June business inventory rise »

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WEN

Wendy's

$17.71

-0.13 (-0.73%)

10:28
08/15/18
08/15
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10:28
Conference/Events
Wendy's participates in a conference call with Stephens »

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  • 15

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CUR

Neuralstem

$1.19

(0.00%)

10:27
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10:27
Earnings
Neuralstem reports Q2 EPS (4c) vs. (39c) last year »

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10:25
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Conference/Events
Vertical Group analyst to hold an analyst/industry conference call »

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WMT

Walmart

$89.74

-1.065 (-1.17%)

, AMZN

Amazon.com

$1,892.64

-27.08 (-1.41%)

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WMT

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-1.065 (-1.17%)

AMZN

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NFLX

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$328.11

-9.38 (-2.78%)

MSFT

Microsoft

$107.48

-1.67 (-1.53%)

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  • 16

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EVBG

Everbridge

$54.40

-0.04 (-0.07%)

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Conference/Events
Everbridge management to meet with SunTrust »

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NVDA

Nvidia

$258.69

-2.78 (-1.06%)

, WDC

Western Digital

$61.75

-3.23 (-4.97%)

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Fly Intel: Today's top analyst calls on Wall Street »

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NVDA

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$258.69

-2.78 (-1.06%)

WDC

Western Digital

$61.75

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TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba, also use TOSBF

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GWPH

GW Pharmaceuticals

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HAS

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  • 16

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WU

Western Union

$18.74

-0.075 (-0.40%)

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  • 12

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M

Macy's

$37.10

-4.77 (-11.39%)

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Macy's says SG&A dollars for the year expected to be higher than last year »

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  • 15

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
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CISN

Cision

$16.33

0.07 (0.43%)

, OBSV

ObsEva

$13.25

0.27 (2.08%)

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CISN

Cision

$16.33

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OBSV

ObsEva

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IDRA

Idera Pharmaceuticals

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DTE

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TELL

Tellurian

$7.10

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  • 12

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NLSN

Nielsen

$25.50

-0.57 (-2.19%)

, UNP

Union Pacific

$148.61

-1.56 (-1.04%)

10:16
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Downgrade
On The Fly: Top five analyst downgrades »

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NLSN

Nielsen

$25.50

-0.57 (-2.19%)

UNP

Union Pacific

$148.61

-1.56 (-1.04%)

KMB

Kimberly-Clark

$113.90

2.8 (2.52%)

WDC

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$61.77

-3.21 (-4.94%)

TSRO

Tesaro

$27.70

-0.37 (-1.32%)

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  • 21

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  • 06

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NVDA

Nvidia

$259.49

-1.98 (-0.76%)

, HAS

Hasbro

$97.66

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NVDA

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$259.49

-1.98 (-0.76%)

HAS

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$97.66

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INCY

Incyte

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NSC

Norfolk Southern

$171.79

-0.39 (-0.23%)

PZZA

Papa John's

$42.50

-0.5 (-1.16%)

03/08/13
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  • 16

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  • 06

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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10:15
08/15/18
08/15
10:15
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General news
U.S. NAHB housing market index fell 1 tick to 67 in August »

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Breaking General news story  »

Week of 8/10 EIA…

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