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WEN

Wendy's

$17.01

-0.06 (-0.35%)

16:14
08/07/18
08/07
16:14
08/07/18
16:14

Wendy's says on track to achieve 2020 goals

The company continues to expect to achieve the following goals by the end of 2020: Global systemwide sales (in constant currency and excluding Venezuela) of ~$12B. Global restaurant count of ~7,250. Global Image Activation of at least 70%. Adjusted EBITDA margin of 37%-39%. Free cash flow of ~$300M (capital expenditures of ~$65M).

  • 08

    Aug

  • 15

    Aug

WEN Wendy's
$17.01

-0.06 (-0.35%)

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

AU

AngloGold

$7.15

-0.015 (-0.21%)

13:30
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AngloGold Ashanti attracts an earnings hedge »

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13:30
08/17/18
08/17
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General news
NY Fed's GDP Nowcast model shows a 2.39% rate of growth for Q2 »

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XOP

SPDR Oil Exploration and Production Fund

$39.57

0.08 (0.20%)

13:20
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13:20
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13:20
Options
Notable volatility play in SPDR Oil Exploration and Production ETF options »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
08/17/18
08/17
13:17
08/17/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/17/18
08/17
13:16
08/17/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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13:15
08/17/18
08/17
13:15
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13:15
General news
FOMC minutes to the June 30, August 1 policy meeting »

FOMC minutes to the June…

13:05
08/17/18
08/17
13:05
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13:05
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 8/17 Baker-Hughes…

ZOES

Zoe's Kitchen

$12.80

3.275 (34.40%)

13:02
08/17/18
08/17
13:02
08/17/18
13:02
Downgrade
Zoe's Kitchen rating change  »

Zoe's Kitchen…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Aug

BHGE

Baker Hughes

$31.02

-0.57 (-1.80%)

13:02
08/17/18
08/17
13:02
08/17/18
13:02
Hot Stocks
Baker Hughes reports U.S. rig count unchanged at 1,057 rigs »

Baker Hughes reports that…

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ZOES

Zoe's Kitchen

$12.80

3.275 (34.40%)

13:01
08/17/18
08/17
13:01
08/17/18
13:01
Downgrade
Zoe's Kitchen rating change  »

Zoe's Kitchen…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 17

    Aug

ATGE

Adtalem Global Education

$47.20

-8.5 (-15.26%)

12:46
08/17/18
08/17
12:46
08/17/18
12:46
Recommendations
Adtalem Global Education analyst commentary  »

Adtalem Global Education…

03/08/13
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03/06/13
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03/06/13
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  • 27

    Sep

12:45
08/17/18
08/17
12:45
08/17/18
12:45
General news
Breaking General news story  »

Week of 8/17 Baker-Hughes…

SPY

SPDR S&P 500 ETF Trust

$284.47

0.38 (0.13%)

, XLF

Financial Select Sector

$28.12

0.02 (0.07%)

12:43
08/17/18
08/17
12:43
08/17/18
12:43
Technical Analysis
On The Fly: ETF fund flow highlights »

For the week redemptions…

SPY

SPDR S&P 500 ETF Trust

$284.47

0.38 (0.13%)

XLF

Financial Select Sector

$28.12

0.02 (0.07%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

VT

Vanguard Total World Stock ETF

$74.55

0.175 (0.24%)

GLD

SPDR Gold Trust

$111.57

0.46 (0.41%)

VOO

Vanguard S&P 500 ETF

$261.36

0.34 (0.13%)

IVV

iShares Core S&P 500

$286.46

0.34 (0.12%)

SPLV

Powershares S&P 500 Low Volatility Portfolio

$49.79

0.23 (0.46%)

SSO

ProShares Ultra S&P 500

$121.69

0.34 (0.28%)

XLP

Consumer Staples Sector SPDR

$55.01

0.38 (0.70%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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V

Visa

$141.08

0.44 (0.31%)

12:40
08/17/18
08/17
12:40
08/17/18
12:40
Options
Opening activity in Visa expiring puts »

Opening activity in Visa…

03/08/13
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Citigroup
03/06/13
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  • 06

    Sep

  • 12

    Sep

ANET

Arista Networks

$269.22

1.35 (0.50%)

, AAPL

Apple

$216.51

3.02 (1.41%)

12:38
08/17/18
08/17
12:38
08/17/18
12:38
Recommendations
Arista Networks, Apple analyst commentary  »

Arista Networks products…

ANET

Arista Networks

$269.22

1.35 (0.50%)

AAPL

Apple

$216.51

3.02 (1.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 20

    Aug

  • 04

    Sep

SYNL

Synalloy

$23.10

0.2 (0.87%)

12:33
08/17/18
08/17
12:33
08/17/18
12:33
Hot Stocks
Synalloy's Bristol Metals awarded $8M tubing order »

Synalloy is pleased to…

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  • 29

    Aug

12:30
08/17/18
08/17
12:30
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12:30
General news
U.S. Data Slate - Week of August 20: »

U.S. Data Slate - Week of…

CWT

California Water Service

$40.90

0.25 (0.62%)

, SJW

SJW Corp.

$66.74

0.2 (0.30%)

12:27
08/17/18
08/17
12:27
08/17/18
12:27
Hot Stocks
California Water Service withdraws $70 per share offer to buy SJW Corp. »

California Water Service…

CWT

California Water Service

$40.90

0.25 (0.62%)

SJW

SJW Corp.

$66.74

0.2 (0.30%)

CTWS

Connecticut Water

$68.23

0.15 (0.22%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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NTNX

Nutanix

$52.99

-2.71 (-4.87%)

12:25
08/17/18
08/17
12:25
08/17/18
12:25
Options
Nutanix call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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03/06/13
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  • 04

    Sep

  • 12

    Sep

12:22
08/17/18
08/17
12:22
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12:22
Hot Stocks
Breaking Hot Stocks news story  »

Rosehill Resources Inc…

12:17
08/17/18
08/17
12:17
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12:17
Hot Stocks
Breaking Hot Stocks news story  »

Rosehill Resources Inc…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
08/17/18
08/17
12:17
08/17/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
08/17/18
08/17
12:16
08/17/18
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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NFG

National Fuel

$57.05

0.47 (0.83%)

12:10
08/17/18
08/17
12:10
08/17/18
12:10
Options
Notable new position opened in National Fuel Gas options »

Notable new position…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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CMG

Chipotle

$507.92

5.34 (1.06%)

12:06
08/17/18
08/17
12:06
08/17/18
12:06
Periodicals
Chipotle to require all workers to take quarterly food-safety test, BI reports »

Chipotle intends to start…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

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