Market News

Wendy’s (WEN) Investors: Citigroup Keeps Buy Rating, Sees $21/Share; NGL Energy Partners LP (NGL)’s Sentiment Is 0.91

NGL Energy Partners LP (NGL) investors sentiment increased to 0.91 in Q1 2018. It’s up 0.15, from 0.76 in 2017Q4. The ratio has improved, as 42 funds started new or increased stock positions, while 46 sold and reduced their stock positions in NGL Energy Partners LP. The funds in our database now own: 74.74 million shares, down from 74.82 million shares in 2017Q4. Also, the number of funds holding NGL Energy Partners LP in top ten stock positions decreased from 4 to 2 for a decrease of 2. Sold All: 17 Reduced: 29 Increased: 29 New Position: 13.

New York: In an analyst report issued on Tuesday morning, Citigroup reconfirmed their Buy rating on shares of Wendy’s (NASDAQ:WEN). They currently have a $21 target on the firm. Citigroup’s target gives a potential upside of 18.58% from the company’s last price.

Since February 26, 2018, it had 1 insider purchase, and 11 insider sales for $619.27 million activity. The insider MAY PETER W sold $39.52 million. The insider GARDEN EDWARD P sold $82.50 million. On Monday, February 26 the insider Peltz Matthew H. sold $82.50M. Shares for $9.26M were sold by Brolick Emil J.. On Monday, February 26 PELTZ NELSON sold $82.50M worth of The Wendy's Company (NASDAQ:WEN) or 5.00 million shares. The insider TRIAN FUND MANAGEMENT – L.P. sold $39.52 million. On Wednesday, March 7 Plosch Gunther bought $83,109 worth of The Wendy's Company (NASDAQ:WEN) or 5,000 shares.

Another recent and important The Wendy's Company (NASDAQ:WEN) news was published by which published an article titled: “Wendy’s under fire after employee films mouse amid buns” on June 18, 2018.

Among 22 analysts covering Wendy’s (NASDAQ:WEN), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Wendy’s has $22.0 highest and $9.50 lowest target. $16.84’s average target is -4.91% below currents $17.71 stock price. Wendy’s had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, November 9. The rating was downgraded by Longbow to “Neutral” on Friday, January 6. The firm earned “Sector Perform” rating on Tuesday, August 2 by RBC Capital Markets. On Thursday, August 6 the stock rating was maintained by UBS with “Sell”. The rating was upgraded by UBS to “Neutral” on Thursday, March 1. As per Friday, March 18, the company rating was initiated by Longbow. The rating was upgraded by Longbow on Friday, September 15 to “Buy”. The stock of The Wendy's Company (NASDAQ:WEN) earned “Buy” rating by Barclays Capital on Tuesday, January 16. The rating was initiated by SunTrust with “Buy” on Thursday, October 8. The stock of The Wendy's Company (NASDAQ:WEN) has “Underperform” rating given on Tuesday, August 11 by Credit Suisse.

Analysts await The Wendy's Company (NASDAQ:WEN) to report earnings on August, 8. They expect $0.15 earnings per share, 0.00% or $0.00 from last year’s $0.15 per share. WEN’s profit will be $35.88 million for 29.52 P/E if the $0.15 EPS becomes a reality. After $0.11 actual earnings per share reported by The Wendy's Company for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.01, from 0.94 in 2017Q4. It is positive, as 23 investors sold The Wendy's Company shares while 87 reduced holdings. 43 funds opened positions while 62 raised stakes. 183.84 million shares or 0.46% less from 184.69 million shares in 2017Q4 were reported. Sigma Planning Corporation reported 12,494 shares or 0.02% of all its holdings. National Bank Of America De has invested 0% in The Wendy's Company (NASDAQ:WEN). First Trust Advsrs Limited Partnership reported 68,792 shares. Utd Svcs Automobile Association owns 28,430 shares for 0% of their portfolio. Schwab Charles Management Inc has invested 0.01% in The Wendy's Company (NASDAQ:WEN). Natixis Advsrs Lp reported 71,853 shares. Citigroup Inc holds 0% in The Wendy's Company (NASDAQ:WEN) or 159,067 shares. Moreover, Eqis has 0.02% invested in The Wendy's Company (NASDAQ:WEN) for 18,819 shares. Virtu Fin Limited Liability Company invested in 0.02% or 25,483 shares. Hudson Bay Capital Mngmt Limited Partnership owns 186,506 shares. Landscape Cap Limited Liability Corporation holds 1.69% or 1.36M shares in its portfolio. Liberty Mutual Gp Asset Mgmt Inc has invested 0.03% in The Wendy's Company (NASDAQ:WEN). Vanguard Group Inc stated it has 0.01% of its portfolio in The Wendy's Company (NASDAQ:WEN). Ameriprise Finance reported 0% of its portfolio in The Wendy's Company (NASDAQ:WEN). Shufro Rose Co Limited Liability Corp has invested 0.52% in The Wendy's Company (NASDAQ:WEN).

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant firm in the hamburger sandwich segment worldwide. The company has market cap of $4.24 billion. It is involved in operating, developing, and franchising a system of quick-service restaurants. It has a 23.24 P/E ratio. The companyÂ’s restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, Frosty desserts, and kidsÂ’ meals.

The stock decreased 0.84% or $0.15 during the last trading session, reaching $17.71. About 4.55 million shares traded or 30.08% up from the average. The Wendy's Company (NASDAQ:WEN) has declined 0.78% since June 19, 2017 and is downtrending. It has underperformed by 13.35% the S&P500. Some Historical WEN News: 26/04/2018 – Wendy’s Continues to Lead Innovation through Partnership with WorldAPP, provider of; 17/05/2018 – Fintel Insider Selling Report: The Wendy’s Company (WEN), Propetro Holding Corp (PUMP), And Others; 17/05/2018 – Nelson Peltz’s Trian Continues to be Wendy’s Largest Stockholder With Beneficial Ownership of 47.7M Shrs; 08/05/2018 – Wendy’s reported earnings that beat analyst expectations on Monday; 09/05/2018 – WENDY’S EXECUTIVES SPEAK ON EARNINGS CALL; 09/05/2018 – WENDY’S EARNINGS CALL BEGINS; 09/05/2018 – WENDY’S SEES 1% NET NEW UNIT GROWTH IN NORTH AMERICA THIS YEAR; 08/05/2018 – Wendys’ North America same-store sales miss estimates; 08/05/2018 – Dinner Decision Made Easy: Support Children In Foster Care With Wendy’s; 08/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Super Hero predicted to boost Disney

NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. The company has market cap of $1.55 billion. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. It currently has negative earnings. The Water Solutions segment is involved in the treatment and disposal of wastewater generated from natural gas and crude oil production operations; disposal of solids, such as tank bottoms, drilling fluids, and performs truck and frac tank washouts; and sale of recovered hydrocarbons.

Since January 1, 0001, it had 2 insider buys, and 0 sales for $638,137 activity.

Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on August, 2. They expect $-0.47 EPS, up 20.34% or $0.12 from last year’s $-0.59 per share. After $0.23 actual EPS reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts -304.35% negative EPS growth.

The stock increased 3.24% or $0.4 during the last trading session, reaching $12.75. About 863,546 shares traded or 22.53% up from the average. NGL Energy Partners LP (NGL) has declined 26.39% since June 19, 2017 and is downtrending. It has underperformed by 38.96% the S&P500. Some Historical NGL News: ; 27/03/2018 – Targa Resources Announces Additional Delaware Basin Processing Expansions, an Extension of its Grand Prix NGL Pipeline into Okl; 14/05/2018 – APACHE MIDSTREAM SIGNS OPTION FOR 50% STAKE IN NGL HEADER; 30/05/2018 – SUPERIOR PLUS TO BUY NGL’S RETAIL PROPANE BUSINESS -; 16/03/2018 – ZHEJIANG SATELLITE PETROCHEMICAL 002648.SZ SAYS UNIT SATELLITE PETROCHEMICAL USA AND SUNOCO PARTNERS MARKETING & TERMINALS INVEST $630 MLN TO SET UP JV ORBIT GULF COAST NGL EXPORTS; 02/04/2018 – NGL Energy Partners Closes Sale of Retail Propane Business and Sawtooth Joint Venture; 07/05/2018 – DCP Midstream Announces Southern Hills NGL Pipeline Extension Into the DJ Basin Adding Takeaway Capacity via White Cliffs; 30/05/2018 – NGL ENERGY PARTNERS LP – TO COMPLETELY EXIT RETAIL PROPANE BUSINESS AND RE-DEPLOY CAPITAL IN WATER SOLUTIONS & CRUDE LOGISTICS BUSINESSES; 30/05/2018 – NGL ENERGY PARTNERS SELLS RETAIL PROPANE TO SUPERIOR PLUS; 30/05/2018 – NGL ENERGY PARTNERS: SALE OF REMAINING RETAIL PROPANE FOR $900M; 07/05/2018 – SemGroup to Diversify White Cliffs Pipeline Service with NGL Capabilities; Signs Long-Term Contract with DCP Midstream

The Wendy's Company (NASDAQ:WEN) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *