What is Wendy's highest and lowest stock price?
The all-time high Wendy's stock closing price was 32.50 on September 29, 1993. The Wendy's 52-week high stock price is 22.84, which is 6.3% above the current share price. The Wendy's 52-week low stock price is 14.96, which is 30.4% below the current share price.
Is Wendy's heavily shorted on Wall Street?
Unlike WallStreetBets' favorites AMC Entertainment Holdings and GameStop, Wendy's is not heavily shorted, with less than 5% of its float currently held short. It has also performed relatively well from an operational standpoint in recent years, and its stock has outperformed the S&P 500 for much of the past half-decade.
Where can I find the latest dividend history for Wendy's (Wen)?
Find the latest dividend history for Wendy's Company (The) Common Stock (WEN) at Nasdaq.com. Wendy's Company (The) Common Stock (WEN) Dividend History | Nasdaq
What was the biggest drop in the stock market in 2008?
The Balance The stock market crash of 2008 occurred on Sept. 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intraday trading. 1 Until the stock market crash of 2020, it was the largest point drop in history.
Why did Wendy's stock rise?
Wendy's Co. WEN, +9.77% shares rose 1.4% in Wednesday premarket trading after the fast-food chain reported profit that beat expectations and increased its share repurchase program. Net income totaled $41.2 million, or 18 cents per share, up from 39.8 million, or 17 cents per share, last year.
Is Wendy's stock a good buy?
Out of 17 analysts, 6 (35.29%) are recommending WEN as a Strong Buy, 4 (23.53%) are recommending WEN as a Buy, 7 (41.18%) are recommending WEN as a Hold, 0 (0%) are recommending WEN as a Sell, and 0 (0%) are recommending WEN as a Strong Sell. What is WEN's earnings growth forecast for 2022-2024?
Is Wendy's stock overvalued?
PB vs Industry: WEN is overvalued based on its Price-To-Book Ratio (8.6x) compared to the US Hospitality industry average (2.5x).
How much of Wendy's stock is shorted?
Now what. Wendy's isn't your typical meme stock. Unlike WallStreetBets' favorites AMC Entertainment Holdings and GameStop, Wendy's is not heavily shorted, with less than 5% of its float currently held short.
Why is Wendy's stock falling?
Rising Costs Crimp Margins. Wendy's stock fell in premarket trading Wednesday after the fast food company reported earnings, revenue and same-restaurant sales growth for the first quarter that missed Wall Street expectations.
When Wendy had its first public stock offering what was the price per share?
Wendy's had its initial public stock offering on the NASDAQ exchange, issuing one million shares of common stock at $28 per share.
Will Wendy's stock rise?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Wendys Co have a median target of 22.00, with a high estimate of 29.00 and a low estimate of 17.00. The median estimate represents a +17.15% increase from the last price of 18.78.
Will Wendy's stocks go up?
Over the next 52 weeks, The Wendy's has on average historically risen by 19% based on the past 47 years of stock performance.
Does Wendy's stock pay a dividend?
Yes, WEN has paid a dividend within the past 3 months. What is WENDY's's Dividend Payment Date? WENDY's's next dividend payment date is on 2022-06-15, when WENDY's shareholders who owned WEN shares before 2022-05-31 will receive a dividend payment of $0.1250 per share.
What is the short interest in Wendy's?
David Kass Dennis M....Sign Up for a Forever Free Fintel Account.Short Interestshares - source: NASDAQShort Interest Ratio1.18 Days to CoverShort Interest % Float3.94% - source: NASDAQ (short interest), Capital IQ (float)Off-Exchange Short Volume1,397,451 shares - source: FINRA (inc. Dark Pool volume)1 more row
How many shares does Wendy's have?
Institutional Ownership and Shareholders The Wendy's Company (US:WEN) has 734 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 183,301,662 shares.
What was the Dow's intraday low in 2008?
The Dow dropped to an intraday low of 11,650.44 but seemed to recover. In fact, many thought the Bear Stearns rescue would avoid a bear market . By May, the Dow rose above 13,000. 1 It seemed the worst was over. In July 2008, the crisis threatened government-sponsored agencies Fannie Mae and Freddie Mac.
When did the Dow go up in 2009?
Soon afterward, President Barack Obama's economic stimulus plan instilled the confidence needed to stop the panic. On July 24, 2009, the Dow reached a higher plane. It closed at 9,093.24, beating its January high. 34 For most, the stock market crash of 2008 was over.
Why did the stock market crash in 2008?
The Dow Jones Industrial Average fell 777.68 points in intraday trading. 1 Until the stock market crash of 2020, it was the largest point drop in history. The market crashed because Congress rejected the bank bailout bill. 2 But the stresses that led to the crash had been building ...
What was the Dow Jones open at?
The Dow opened the year at 12,474.52. 1 It rose despite growing concerns about the subprime mortgage crisis. On Nov. 17, 2006, the U.S. Commerce Department warned that October's new home permits were 28% lower than the year before. 3 But economists didn't think the housing slowdown would affect the rest of the economy. In fact, they were relieved that the overheated real estate market appeared to be returning to normal.
Did the Dow Jones crash cause a recession?
Like many other past stock market crashes, it did not lead to a recession. The correction ended in August 2018, and the Dow ended 2018 at 23,327.46. 39 In 2019, it set a record of 27,359.16 in July. 40 It then began declining due to concerns about trade wars initiated by President Donald Trump. 41 .
On a brutal day for the broader stock market, the fast-food giant's light earnings guidance overshadowed an otherwise decent report
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Wendy's ( NASDAQ:WEN) dropped 8.3% on Thursday after the fast-food chain announced solid fourth-quarter 2019 results, but followed with disappointing forward guidance.
So what
To be sure, Wendy's quarterly revenue grew 7.4% year over year to $427.2 million, translating to adjusted (non- GAAP) net income of $0.08 per share (down from $0.16 per share a year earlier). Analysts, on average, were expecting roughly the same adjusted earnings on slightly lower revenue of $425 million.
Now what
For the full year of 2020, however, Wendy's told investors to expect global systemwide sales of $12 billion to $12.5 billion -- up from roughly $10.94 billion in 2019 -- and adjusted earnings per share of $0.60 to $0.62. Most analysts were modeling higher 2020 adjusted earnings of $0.65 per share.
Who cut Wendy's stock rating?
Stifel (NYSE:SF) analyst Chris O'Cull cut his rating on Wendy's from buy to hold today, a day after the stock surged 26% after it gained the attention of investors in the popular WallStreetBets Reddit Group.
Is Wendy's stock shorted?
Wendy's isn't your typical meme stock. Unlike WallStreetBets' favorites AMC Entertainment Holdings and GameStop, Wendy's is not heavily shorted, with less than 5% of its float currently held short.
Does Joe Tenebruso have a position in any of the stocks mentioned?
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Third-quarter 2021 results didn't hit the spot with investors
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of restaurant stock Wendy's ( NASDAQ:WEN) fell as much as 10.9% in trading on Wednesday after the company reported third-quarter 2021 financial results. Shares closed the day down 7.1%.
So what
Quarterly revenue was $470.3 million, up 4% from a year ago, and net income was up 3.6% to $41.2 million. Adjusted earnings per share (EPS) were $0.19, a little better than the $0.18 that analysts expected.
Now what
For 2021, management expects revenue to grow 11% to 12% and adjusted EPS to be $0.79 to $0.80. That means shares are trading at around 27 times 2021 earnings.
What happened
Shares of fast-food chain Wendy's ( WEN 0.00% ) fell as much as 8.6% on Thursday even though the market trended upward in general. Noted short-seller Jim Chanos appeared on CNBC in the morning and said that he still expects several food-service stocks (including Wendy's) to continue falling.
So what
The founder of short-selling investment firm Kynikos Associates appeared on CNBC's Halftime Report, where he said that the firm still is short-selling restaurant stocks such as Wendy's, Burger King parent Restaurant Brands ( QSR 0.07% ), and Dunkin' Brands ( DNKN ).
Now what
Later in the CNBC show, Chanos provided some downright sensible advice to investors in support of his short-selling bets:
NASDAQ: WEN
What we would really urge investors to do is, look at the business, look at the 2019, and do your research to take an educated guess at what you think this looks like in 2021. And if it's still a cheap stock then, then it might be an attractive investment on the long side.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What stocks grew during the 2008 recession?
Contrary to investor expectations, several growth stocks including Apple Inc. (NASDAQ: AAPL ), Amazon.com Inc (NASDAQ: AMZN ), and Netflix Inc. (NASDAQ: NFLX) grew during the 2008 recession, so investors don't have to ignore growth stocks to be conservative.
Is Netflix a recession resistant stock?
Currently all three stocks are among the 30 most popular stocks among hedge funds though Netflix is declining sharply in rankings. Investors know that Netflix is recession resistant but they aren't certain that it is Disney+ resistant.
2007
2008
September 2008
October 2008
November 2008
December 2008
2009
Aftermath
The Bottom Line
- The stock market crash of 2008 was a result of defaults on consolidated mortgage-backed securities. Subprime housing loans comprised most MBS. Banks offered these loans to almost everyone, even those who weren’t creditworthy. When the housing market fell, many homeowners defaulted on their loans. These defaults resounded all over the financial indu...