You should consider shares of The Wendy’s Company (NASDAQ:WEN) and SRC Energy Inc. (NYSE:SRCI) if you are looking for a great stocks to invest in. Starting with the WEN shares, which traded at $21.39 at the close of the recent session, dropping -2.73%. On Tuesday, the company’s shares shed -$0.6 from its value which represented in intraday trading. The stock is now 19.30% higher in year-to-date (YTD) trading. WEN’s intraday high was $21.83 while its lowest price touched $21.38. The stock’s 52-week high price is $22.84, which means the current price is at -6.35%. In terms of trading activity, the daily trading volume fell to 3019115 against 200-day average trading volume of 3,356,337 shares.
What are analyst forecasts for The Wendy’s Company (NASDAQ:WEN)?
At a consensus rating of 3.89, WEN is trending as a streaking Moderate Buy, as it has been the case a month ago when 17 analysts called it a Moderate Buy. Two months ago, 17 analysts recommended, on average, that WEN stock is a Moderate Buy. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $21.78 on the day.
Forecasts for The Wendy’s Company (NASDAQ:WEN) give the stock a fair value for the growth of 2.77% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $22.00, which means the price per share could rise by nearly $0.61. The price range target is between a low of $19.00 and a high of $26.00. The stock would need to gain by about $17.73 to hit the estimated high or 0.7% from its 12-month low.
The consensus among 28 analysts is that it is a good time for one to Overweight in the The Wendy’s Company. 14 analysts rate WEN as a Buy, with 1 of 28 analysts rate it as a Sell. 0 have valued the stock as Overweight and 13 have recommended that investors Hold.
The Wendy’s Company (NASDAQ:WEN) Upgrades and Downgrades
In terms of rating changes, Stifel on November 25, 2019, Upgrade The Wendy’s Company (WEN) at Buy. They believe the stock could reach $25 in the near term. Analysts at Telsey Advisory Group have assigned a Outperform rating for the stock in their research note on November 07, 2019 with an estimated price target of $24. Moreover, Cowen analysts issued a rating of Market Perform for the stock on October 07, 2019, giving it a price target of $20 for the next 12 months. On September 10, 2019, the stock earned a Neutral rating due to an analyst call from Guggenheim, while analysts from BTIG Research on September 10, 2019 suggested that the stock is Neutral.
SRC Energy Inc. (NYSE:SRCI) adds -$0.07 on Tuesday
The SRCI stock has tanked -25.32% year-to-date and is currently trading at $3.51, which is -49.79% below its 52-week high. The company shares lost -1.96% on the day and have risen nearly 14.33% off a low hit. At current levels, SRC Energy Inc. has a valuation of about $676.50M. As of 12/03/19, this stock has fallen -7.63% during the week and closed at $3.58 in the previous session. However, recent SRC Energy Inc. stock performance shows that SRCI shares are 5.09% up over the last month, and -29.23% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.3, with the trailing 12-month share earnings at $0.89. The ratio is expected to be down by -39.70% for the current year 2019 and -7.90% for next year. Over the next 5-year period, earnings per share will be 6.03%. But will the SRCI stock surprise in the current quarter results, where the $0.12 actual EPS reported on 9/29/2019 surprised by -29.40% or was lower by -$0.05 from the estimated $0.17.
Sales Growth to climb 2.00% for the year
How well will SRC Energy Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $136.1M and $192M in current quarter sales. The consensus estimated for the current quarter is $159.31M from sales. Forecasts for this fiscal year are between $622.3M and $697.55M and the consensus estimate for sales is at $657.57M. SRCI has its next quarter sales estimates at between $149M and $180.52M, with the quarter-over-quarter growth estimates at -6.30% and the annual growth forecast for the year at 2.00%.
Who owns shares in SRC Energy Inc. (SRCI)?
Let’s briefly focus on the share ownership of the SRC Energy Inc. (NYSE:SRCI) stock, where we find that 106.49% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 36.85 million shares or 15.13% of shares outstanding. Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP held 25.51 million and 19.56 million representing 10.47% and 8.03% respectively at the close of the last trading session. As of Sep 29, 2019, Victory Capital Management Inc. accounted for 12.32 million shares at over 57.41 million. This represented 5.06% of shares outstanding. Mangrove Partners held 12.11 million shares at over 56.41 million representing 4.97% of shares outstanding.
SRCI Insider Activity
On 5/27/2019, President & Chief Executive Officer by the name Peterson Lynn A sold 21990.0 shares worth $114600.0 at the price of $5.21 per share. Filings also show that Peterson Lynn A sold a total of 13238.0 shares on 3/30/2019 valued at $67800.0. Since the last insider activity, the company’s share price has dropped -31.55%.