Wendy’s (WEN) is Upgraded by Nomura to Buy

Wendy’s (WEN) is Upgraded by Nomura to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

The Wendys Company is up 26.84% in the last 3-month period. Year-to-Date the stock performance stands at 21.84%.The company shares have rallied 19.76% from its 1 Year high price. On Jun 3, 2015, the shares registered one year high at $11.71 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $10.44 and the 200 Day Moving Average price is recorded at $9.90.

Wendys Company (The) (NASDAQ:WEN) has dropped 1.1% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.51% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.28% during the past week but Wendys Company (The) (NASDAQ:WEN) has outperformed the index in 4 weeks by 3.88%.

Shares of Wendys Company (The) (NASDAQ:WEN) ended Thursday session in red amid volatile trading. The shares closed down 0.08 points or 0.74% at $10.77 with 2,000,553 shares getting traded. Post opening the session at $10.8, the shares hit an intraday low of $10.77 and an intraday high of $10.89 and the price vacillated in this range throughout the day. The company has a market cap of $2,945 million and the number of outstanding shares have been calculated to be 273,479,450 shares. The 52-week high of Wendys Company (The) (NASDAQ:WEN) is $11.71 and the 52-week low is $8.43.

Currently the company Insiders own 25.4% of Wendys Company (The) shares according to the proxy statements. Institutional Investors own 76.02% of Wendys Company (The) shares.

The Wendys Company is a quick-service restaurant company in the hamburger sandwich segment. The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. As of December 29, 2013, the Wendys restaurant system consisted of 6,557 restaurants, of which 1,183 were owned and operated by the Company.