|Bid||0.00 x 2200|
|Ask||0.00 x 4000|
|Day's Range||20.60 - 20.97|
|52 Week Range||14.96 - 22.84|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||10.46|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||0.40 (2.04%)|
|1y Target Est||21.40|
Chipotle Mexican Grill will start serving carne asada nationwide, a rare new edition to its menu. Shares rose in morning trade.
Wendy’s Co. has made three past attempts at entering the breakfast game that didn't take. Will it be different this time around?
Wendy’s announced that it would introduce breakfast nationwide in 2020 and analysts are cautious after a number of previous failed attempts to do so.
Spicy chicken nuggets are performing well after launching on Aug. 12 and could have contributed a 100 to 150 basis point lift in comps along with higher traffic and better average ticket size. Franchisees expressed an "admittedly surprisingly positive view" of breakfast. A multi-daypart advertising campaign will help mitigate incremental dollars spent by either corporate or franchisees next year.
Analyst reaction to Wendy’s fourth attempt at breakfast has been mixed, though mostly cautious. Although there is opportunity for profit, some analysts are unsure the chain’s hefty investment will pay off.
Shares of Wendy's (WEN) were down as much as 11% in intraday trading today, and closed down over 2% on Monday after the company announced they are ramping up spending on their breakfast line for a nationwide release sometime in 2020.
Wendy's stock sliced lower on Tuesday, taking other restaurant stocks with it, after the fast-food chain a day earlier cut its full-year profit outlook due to an expansion into breakfast.
Wendy's news for Tuesday includes WEN stock falling hard following the announcement of breakfast plans.Source: Jonathan Weiss / Shutterstock.com Wendy's (NASDAQ:WEN) notes that it will be introducing a few new menu items to customers across the U.S. This includes its Breakfast Baconator, Frosty-ccino, and Honey Butter Chicken Biscuit. The goal is to have breakfast available at all of its U.S. stores in 2020.Here's the thing about this Wendy's news, it isn't all good for the company. This includes plans to hire an additional 20,000 employees to handle breakfast. It also says that it will be investing $20 million into bringing breakfast to all of its U.S. stores.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat one-time $20 million investment is likely what it hitting WEN stock the hardest today. Due to it, Wendy's is updating its outlook for 2019. That includes changing its earnings per share guidance to be down 3.5% to 6.5% for the year. * 10 Stocks to Sell in Market-Cursed September The update to Wendy's outlook for 2019 also now has it expecting adjusted EBITDA to come in flat to down 2.0 percent. Cash flows from operations are expected to be between $290 million and $305 million. Finally, the fast food chain is expecting free cash flow to be down 2.5% to 7.0%. This has it ranging from $215 million to $225 million.The recent Wendy's news release doesn't contain any updates to its long-term guidance. However, WEN says it will be announcing these changes at its Investor Day.WEN stock was down 10% as of Tuesday afternoon, but is up 40% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season As of this writing, William White did not hold a position in any of the aforementioned securities.The post Wendy's News: WEN Stock Drops on Breakfast Rolllout Plans appeared first on InvestorPlace.
Shares of McDonald's Corp. sank 3.0% in morning trading Tuesday, which put it on track to suffer the biggest one-day decline this year. The stock's price decline of $6.46 is shaving about 44 points off the Dow Jones Industrial Average's price , which is down about 3 points. The fast-food behemoth's stock, which is headed for the biggest percentage decline since it fell 3.1% on Dec. 20, 2018, has now shed 4.2% in two sessions, and sits 4.7% below its Aug. 9 record close of $221.15. The selloff comes as shares of rival burger chain Wendy's Co. , which closed at a record as recently as Thursday, tumbled 12.5% after the company said it will make a $20 million investment to take another shot at serving breakfast nationwide. MKM Partners Brian Bittner said he wondered that given there are over 6,000 Wendy's restaurants, he wondered what implication this could have on the entire quick-service category, specifically McDonald's and Burger King. Shares of Burger King parent Restaurant Brands International Inc. , which closed at a record high on Aug. 29, slumped 2.3% on Tuesday.
Wendy's said it wants to expand the availability of breakfast dining from more than 300 restaurants today to all locations in the U.S. in 2020. Wendy's guided its EPS growth in August to be 3.5% to 7% and management narrowed the range to 3.5% to 6.5%. Breakfast represents an "incredible growth" opportunity for the fast food chain, said Wendy's President and CEO Todd Penegor.
Wendy’s is getting back into the breakfast wars at long last. Starting next year, the fast-food chain will begin to serve breakfast at all of its U.S. restaurants, taking on rivals such as Dunkin' Donuts and McDonald's, but analysts are skeptical about the move. The Final Round panel discusses the impact on the sector.
Wendy's cut its 2019 outlook as it prepares to ramp up spending for a nationwide launch of breakfast items next year. Yahoo Finance's Jared Blikre joins Akiko Fujita on 'The Ticker' to discuss.