19.11 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||19.12 x 1800|
|Ask||19.13 x 4000|
|Day's Range||19.01 - 19.26|
|52 Week Range||14.96 - 20.14|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||9.75|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||0.40 (2.05%)|
|1y Target Est||20.63|
McDonald's says that since it swapped frozen for fresh beef in its quarter pounder sales are up 30% on average. Yahoo Finance's Zack Guzman & Heidi Chung, along with Payne Capital Management Senior Wealth Adviser Michelle McKinnon discuss.
Wendy's Co. announced the launch of Baconfest on Monday, offering a free Jr. Bacon Cheeseburger and free delivery through DoorDash, with a $10 purchase. Wendy's will also offer free Baconators through Amazon.com Inc.'s Twitch service during a livestream on July 17. A Baconator is made with two cheeseburger patties totaling a half-pound, spread across two beef patties, topped with six pieces of bacon, ketchup and mayonnaise. Wendy's stock is up 25.2% for the year to date while the S&P 500 index has gained 20.2% for the period.
As the home of the #1 selling bacon cheeseburger*, and quite frankly, the Boss of Bacon, Wendy's is launching an epic bacon celebration – Baconfest. Because Wendy's bacon is always worth celebrating and honestly, doesn't need a reason. Starting today, Wendy's is kicking off Baconfest exclusively with DoorDash, offering its bacon-loving fanatics a free Jr. Bacon Cheeseburger and $0 delivery fee with a minimum of $10 Wendy's purchase for a limited time using code BACONFEST.** Free bacon and $0 delivery fee?
DUBLIN, Ohio, July 8, 2019 /PRNewswire/ -- The Wendy's Company (WEN) will release its second quarter 2019 results before the market opens on Wednesday, August 7. The Company will host a conference call that same day at 8:30 a.m. ET, and a simultaneous webcast and the related presentation materials will be publicly available on the Company's Investor Relations website at www.irwendys.com. The live conference call will also be available by telephone at (877) 572-6014 for domestic callers and (281) 913-8524 for international callers. The archived webcast and presentation materials will also be publicly available at www.irwendys.com.
One of South Florida's biggest Wendy's franchisee groups announced plans to open 30 Wingstops in the tri-county area over the next five years. Pompano Beach-based JAE Restaurant Group, which runs 125 Wendy's locations in South Florida, formed a new company called Florida Wingmen, which struck a deal in December 2018 with Dallas-based Wingstop Inc. (Nasdaq: WING) for the exclusive rights to develop future Wingstops in Broward, Miami-Dade and most of Palm Beach counties, Florida Wingmen Chairman Jhonny Mercado told the Business Journal. There are currently 23 Wingstops in South Florida and 1,200 worldwide.
Consumers hate it. The Fed fears it. But what exactly is inflation? Here's a brief explainer on inflation, and why it matters to the Federal Reserve and you.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
(Bloomberg Opinion) -- When I heard on Tuesday night that Lee Iacocca had passed away, I was momentarily taken aback. Not so much because he had died — he was, after all, 94 — but because, for someone who had been such a larger-than-life figure for so much of his career, he had been out of the limelight for so long.Iacocca first burst into the public consciousness in 1963, when he made the covers of both Time and Newsweek(1) in the same week, standing in front of the brand new Ford Mustang, which he had (allegedly) masterminded as a top Ford executive. His last public act took place in 1995, when he and the financier Kirk Kerkorian made a foolhardy attempt to take over Chrysler. Although he later formed an investment company, and dabbled in this and that, this once unforgettable figure spent the last two decades of his life, well, forgotten.In the headline of its obituary, the New York Times described Iacocca as a “Visionary Automaker Who Led Both Ford and Chrysler.” And that’s true, so far as it goes. Having accrued most of the credit for the Mustang, he was promoted to Ford’s president by the time he was 46. But in 1978, even though Ford was going great guns, Henry Ford II fired him. Supposedly, Ford said he was canning Iacocca because he didn’t like him.Then came his tenure at Chrysler, which was on the brink of collapse when he took it over. He persuaded the federal government to give the company $1.5 billion in loan guarantees, and used that money to orchestrate a brilliant turnaround, spearheaded by the Chrysler minivan — a car that, in addition to making the company gobs of money, had a profound impact on American society. (Just ask any parent.)All well and good.But Iacocca influenced the culture in another way as well. The celebrification of chief executives can be traced directly to him. Yes, there had been other famous corporate chieftains before Iacocca — John D. Rockefeller and Walt Disney come to mind — but they were the exceptions to the rule that CEOs should be low-key, boring even. Iacocca(2) made it okay for a chief executive not just to gain fame, but to desire it.When had a chief executive made himself the centerpiece of his company’s ad campaign before Iacocca did it at Chrysler? When had one made himself a selling point in asking Congress for help? Or taken a public victory lap the way Iacocca did after the Chrysler turnaround, posing for magazine covers from Life to the Saturday Evening Post? Or publicly muse about running for president? Oh, and when had a chief executive written an autobiography that became one of the best-selling books of all time? Not business books, mind you. Books. Published in 1984, there were more than 7 million copies sold by the end of the following year.After Iacocca did it, other CEOs put themselves in their companies’ ad campaign: Dave Thomas, founder of the Wendy’s Co., and Victor Kiam, who owned Remington Products Co., maker of electric shavers. (His tag line: “I liked it so much, I bought the company.”) CEOs became less bashful about granting interviews and posing for magazine covers. (By 2002, Bill Gates had posed for Fortune’s cover 25 times.) Or bragging about their accomplishments to anyone who would listen. (I’m talking to you, Jack Welch.)And then there were the ghost-written CEO autobiographies, which poured forth into bookstores after the success of “Iacocca: An Autobiography.” “Pizza Tiger,” by Tom Monaghan, founder of Domino’s Pizza Inc. “Work in Progress,” by Michael Eisner, former chief executive of The Walt Disney Co. “Straight From the Gut,” by Welch, CEO of General Electric Co. “Sam Walton: Made in America,” by Walmart Inc. founder Sam Walton. “Father, Son & Co.: My Life at IBM,” by Thomas Watson Jr.(3) And lest we forget: “The Art of the Deal,” by Donald Trump. That came out three years after Iacocca’s book.I never covered Iacocca myself, but I’ve long realized that much of my career has been spent taking advantage of the trail he blazed. My very first business story, in 1982, was about T. Boone Pickens’s first hostile takeover attempt, which I wrote for Texas Monthly. When Pickens decided to write his autobiography a few years later, he hired me as his ghostwriter. (It ended badly for me, but that’s a story for another day.)During my decade at Fortune, getting to know CEOs, interviewing them, writing stories about them — and getting them to pose for the cover — was at the heart of the enterprise. I did a short documentary about Warren Buffett. At the New York Times, my readership always spiked when I wrote a column about Steve Jobs and Apple. Now at Bloomberg, I still find myself drawn to columns about CEOs. Readers care about the comings and goings of chief executives in a way they never did before Lee Iacocca.So I guess what I should say as I bid adieu to Iacocca is simply this: Thank you. Maybe that’s what we should all say.(1) And those were the days when making the cover of Time or Newsweek really meant something!(2) I should also note that Iacocca wasn’t just a business celebrity but an Italian-American celebrity. In 1963, when he first became famous, that was something Italian-Americans took pride in; by the time he left Chrysler in the 1990s, Italian-American celebrities had become no big deal. That’s progress.(3) For the record, the Watson book, written with Peter Petre, is in my view, the best CEO autobiography ever written. It is a deeply personal account of not just running a company but dealing with a larger-than-life father, who founded IBM.To contact the author of this story: Joe Nocera at firstname.lastname@example.orgTo contact the editor responsible for this story: Tobin Harshaw at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
While this past weekend's G20 meeting held most analyst's attention, certain fast food stocks have been quietly creeping up on all-time highs.
With the generally pessimistic and sometimes sensational headlines surrounding the U.S.-China trade war, it may surprise some that viable investment sectors exist. Even more surprising are some of the market segments experiencing positive sentiment. For instance, restaurant stocks are charging significantly higher than they were at the beginning of the year.Don't take my word for it: check out the sector benchmark Dow Jones US Restaurants & Bars Index. On a year-to-date basis, the index is up over 24%. And while the broader Dow Jones Industrial Average is no slouch at 15% YTD, the performance difference is clear. So what's driving enthusiasm toward restaurant stocks?One explanation is that geopolitical headwinds are still too high level to impact most Americans. Yes, the trade war situation is absolutely crucial. Right now, the U.S. and China have agreed to a truce, not a trade deal. Still, the fallout from poor relations with China have not generated significant watercooler conversations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe second and more important point is that restaurant stocks have similar traits to so-called vice or sin investments. No matter what is going on with the economy, people need an outlet. Usually, going out to eat represents a relatively cheap form of entertainment.It's also an excursion that families can control. A major reason why professional sports attendance is declining is due to rising costs. However, families can choose which eateries to attend based on their cost preferences. Therefore, restaurant stocks have outpaced other event or entertainment-based investments.Finally, the National Restaurant Association forecasts a strong year for restaurant stocks. Better yet, every subsegment except one should experience a year-over-year uptick. * 7 Stocks on Sale the Insiders Are Buying With that, here are seven restaurant stocks to put on your plate: Wendy's (WEN)Source: Mike Mozart via FlickrOften lost in the mix behind big marquee names like McDonald's (NYSE:MCD) or Burger King, Wendy's (NASDAQ:WEN) is still a name you shouldn't ignore. For one thing, the performance of WEN stock has done nothing but impress onlookers. Since the January opener, shares have soared nearly 28%.Better yet, if you're a big proponent of technical analysis, you can still make a bullish case for WEN stock. According to some momentum indicators, shares of the fast-food joint have a shot at moving past $26. Given the WEN stock price of $19.58, that would represent a sizable 33% swing.But more importantly, WEN stock enjoys fundamental justification for such a move higher. While the company has successfully brought in more people, they're gaining traction on another component: getting their customers to open their wallets deeper for higher-ticket items.It's no accident that profitability margins have improved in the first quarter of 2019. If that continues, look for WEN stock to gain accordingly. Denny's (DENN)Source: Mike Mozart via FlickrLet's face reality: When you're considering a special night on the town, the name Denny's (NASDAQ:DENN) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. But we also have to bring up another important angle. Comfort food isn't a bad gig, no matter what the market condition.As far as I'm aware, every single Denny's location is open 24 hours. Thus, if your night out extended a bit too long, there's Denny's. Also, many people go straight to Denny's to sober up after clubbing. If the job market is stable -- which it is right now -- the company benefits from being one of few eateries open at odd hours. In turn, that supports DENN stock.Also, we should see a record number of people hitting the road this summer. Invariably, that involves families stopping over to grab a bite to eat. And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. * 7 One-Stock Portfolios for Passive Investors Lastly, Denny's is cheap. So if we do have a downturn in the economy, DENN stock might avoid the brunt of the damage. Darden Restaurants (DRI)Source: Mike Mozart via Flickr (Modified)A powerhouse name among restaurant stocks, Darden Restaurants (NYSE:DRI) is enjoying a strong first half of the year. Since the beginning of January, DRI stock is up over 24%. Moreover, some of the same conditions that will likely benefit Denny's should also drive up Darden Restaurants.For one thing, Darden levers some of the most coveted names in sit-down restaurants. Not only that, its coverage is one of the most diverse when compared to other restaurant stocks. For comfort food, Darden owns the Olive Garden and Longhorn Steakhouse brands. But they also address consumers with more sophisticated tastes with brands like Seasons 52. This should help bring in the goods for DRI stock in terms of revenue and profitability.In fact, that's what we're seeing. Over the past few years, revenue has strongly moved higher. But earnings have also increased accordingly, which bolsters the case for DRI stock. In addition, because Darden offers multiple brands across the price spectrum, they'll enjoy the benefits of the aforementioned travel bump. Dunkin' Brands (DNKN)Source: Chris Waits Via FlickrDunkin' Brands (NASDAQ:DNKN) is another name among restaurant stocks that's killing it so far this year. Since January's opening price, DNKN stock is up 27%. Undoubtedly, a major reason why is its coffee: worker bees love its coffee and Dunkin' Brands dishes up some delectable cups.Furthermore, the commodities market have had their say in DNKN stock. Although coffee prices have recently spiked up, they are still deflated relative to prior years' average prices. Theoretically, this should help Dunkin' in terms of its bottom line.Of course, no company can depend solely on fortuitous circumstances. What investors in restaurant stocks will key in on is management's push to attract millennials. To this end, they've embraced popular apps like Apple's (NASDAQ:AAPL) Pay. Dunkin' has also advantaged the consumer-tech firm's iMessage platform to further engage with their young clientele. * 10 Best Stocks to Buy and Hold Forever It's a move that makes perfect sense for DNKN stock. Over the next several years, millennials will represent the largest workforce in the U.S. They'll need lots of coffee and serving their needs is the most logical action they can take. Jack in the Box (JACK)Source: Rojer via Flickr (modified)I'm going to cut straight to the chase. Out of the restaurant stocks specializing in fast food, Jack in the Box (NASDAQ:JACK) is probably the riskiest. Back in December, management announced a "strategic review" of its financing options. That normally entails a sale of the company. However, no one is buying, which raises eyebrows for JACK stock.Another problem is infighting between franchisees and the corporate leadership. The former is concerned that the latter is merely focusing on nearer-term goals, like the JACK stock price. They argue that the organization should consider longer-term goals, especially to address the needs of millennial consumers.Although I don't have skin in this game, I find myself agreeing with the franchisees. As a San Diego-based company, Jack in the Box has a strong presence in the west coast. That's ideal since this region is always high in demand. Moreover, Jack also has several locations in Texas, which is experiencing an influx of people.That might bother the locals. However, if you're thinking about speculating on JACK stock, the population shift brings up an interesting argument. Dave & Buster's Entertainment (PLAY)Source: Shutterstock Right now, the absolute riskiest name among major restaurant stocks is Dave & Buster's Entertainment (NASDAQ:PLAY). Unfortunately, extremely volatility visited PLAY stock after the underlying company posted disappointing Q1 earnings results. It suffered a decline in comparable-store sales, and management adjusted down full-year guidance.However, it wasn't all bad news. Dave & Buster's brought in sales of $363.6 million, up 9.5% from the year-ago quarter. Additionally, management opened seven new stores, up one from Q1 2018. That, however, was not enough to spare PLAY stock a huge double-digit loss. * 10 Small-Cap Stocks That Look Like Bargains Still, I think the markets' response toward PLAY stock is greatly exaggerated. For one thing, Dave & Buster's provides a natural outlet to soak up demand that's leaving professional sports leagues. My argument is that people still need physical entertainment venues: Dave & Buster's has an opportunity to capitalize on this dynamic if it plays its marketing cards right. Chanticleer Holdings (BURG)Source: Shutterstock Before you think about taking a gamble on Chanticleer Holdings (NASDAQ:BURG), you should know that it's an extremely speculative name. With BURG stock trading hands at just above $1, this isn't something that you bank your retirement savings on. And although its financials are improving somewhat, it's still a rough picture.So why mention Chanticleer? Simply put, the company has some attractive brands. On one end, Chanticleer covers the decadence angle with its popular Hooters restaurants. Chanticleer is also well known (or perhaps notorious) for American Burger Co's "Roadstar." That's four cheeseburgers in one.But on the other end, the holding company owns brands like Little Big Burger, Just Fresh and BGR. These names definitely cater to millennials and health-conscious consumers. Thus, BURG stock has something for everyone.Historically, this widespread approach hasn't helped BURG stock. However, shares have ticked up since early June. Again, this is a big risk: only buy it with gambling money that you can afford to lose.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 Restaurant Stocks to Put on Your Plate appeared first on InvestorPlace.
As of June 26, Wendy's was trading at a forward PE ratio of 28.2x compared to 27.7x before the announcement of its first-quarter earnings.
As of June 26, Wendy’s (WEN) was trading at $19.50, which implies a rise of 5.6% since the announcement of its first-quarter earnings on May 8.
Fast-casual is a subset of the restaurant industry that sits somewhere between fast-food and fine dining, and the concept has caught on with the American public.
DUBLIN, Ohio, June 26, 2019 /PRNewswire/ -- The Wendy's Company (WEN) (the "Company") today announced that one of its indirect, special purpose subsidiaries (the "Master Issuer") has completed the sale of $400 million of its Series 2019-1 3.783% Fixed Rate Senior Secured Notes, Class A-2-I (the "Class A-2-I Notes") and $450 million of its Series 2019-1 4.080% Fixed Rate Senior Secured Notes, Class A-2-II (the "Class A-2-II Notes" and, together with the Class A-2-I Notes, the "2019 Notes"). Interest payments on the 2019 Notes are payable on a quarterly basis. The anticipated repayment dates of the Class A-2-I Notes and the Class A-2-II Notes are September 2026 and September 2029, respectively, unless earlier prepaid to the extent permitted under the indenture that governs the 2019 Notes.
Chipotle's emphasis on simplicity and high-quality ingredients have made the restaurant immensely popular among consumers and, in turn, investors.
On Friday, fast food chain Wendy's Co. (WEN) released a novelty hip-hop mixtape aimed at its competitors. Titled “We Beefin?” the mixtape features a female MC dissing competing fast-food giants McDonald's Corp. (MCD) and Restaurant Brands International Inc.'s (QSR) Burger King.
Shares of McDonald's (MCD) have jumped 15% this year to outpace its industry's 10.5% climb. With this in mind, let's see what's next for the historic fast-food burger powerhouse...
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
KeyBanc Capital Markets analysts visited Wendys co (NASDAQ: WEN ) head office in Ohio and left with eight key takeaways. The Analyst KeyBanc's Eric Gonzalez maintains a Sector Weight rating on Wendys. ...