Wendy’s (NASDAQ:WEN) Price Target Lowered to $17.00 at UBS Group

Wendy’s (NASDAQ:WEN) had its price objective cut by equities researchers at UBS Group from $20.00 to $17.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would suggest a potential upside of 7.53% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Citigroup lifted their price objective on Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. TD Cowen lifted their price target on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Wolfe Research raised shares of Wendy’s to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Truist Financial upped their price target on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wendy’s has a consensus rating of “Hold” and an average price target of $20.14.

Wendy’s Stock Performance

Shares of WEN stock opened at $15.81 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The stock has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $17.54. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78. Wendy’s has a 12-month low of $15.61 and a 12-month high of $20.65.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The company had revenue of $566.70 million for the quarter, compared to analyst estimates of $560.50 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Wendy’s will post 0.99 EPS for the current year.

Institutional Trading of Wendy’s

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Wendy’s in the second quarter worth $27,000. Quarry LP acquired a new stake in Wendy’s in the 2nd quarter worth $30,000. GAMMA Investing LLC increased its holdings in shares of Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares during the period. AM Squared Ltd acquired a new position in shares of Wendy’s during the third quarter valued at about $49,000. Finally, Signaturefd LLC lifted its stake in shares of Wendy’s by 39.6% in the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,046 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.