BTIG Research Reaffirms "Neutral" Rating for Wendy's (NASDAQ:WEN)

Key Points

• BTIG Research has reaffirmed a "Neutral" rating for Wendy's stock, which is currently trading at approximately $9.66.
• Analysts are divided on Wendy's, with two holding a Strong Buy rating and a consensus price target of $12.97.
• Wendy's reported a quarterly EPS of $0.29, beating estimates, but experienced a 1.7% decline in revenue year-over-year.

Wendy's (NASDAQ:WEN - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at BTIG Research in a note issued to investors on Monday,Benzinga reports.

Several other equities analysts also recently weighed in on the stock. Bank of America dropped their target price on shares of Wendy's from $13.00 to $11.00 and set a "buy" rating for the company in a report on Friday, July 18th. Citigroup upgraded shares of Wendy's from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Truist Financial lowered their price target on shares of Wendy's from $14.00 to $13.00 and set a "buy" rating for the company in a report on Monday, August 11th. Morgan Stanley reiterated an "underweight" rating on shares of Wendy's in a report on Friday, August 8th. Finally, Loop Capital lowered their price target on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.97.

Wendy's Stock Down 2.3%

Shares of NASDAQ WEN opened at $9.66 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74. Wendy's has a 52 week low of $9.63 and a 52 week high of $20.60. The firm has a 50-day moving average price of $10.42 and a 200 day moving average price of $12.02. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.37.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm had revenue of $560.93 million during the quarter, compared to analysts' expectations of $558.95 million. During the same quarter last year, the business earned $0.27 earnings per share. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Equities research analysts anticipate that Wendy's will post 0.99 EPS for the current fiscal year.

Institutional Trading of Wendy's

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in Wendy's by 1,111.9% in the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 1,957 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Wendy's during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its stake in Wendy's by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 3,375 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Wendy's by 35.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Wendy's by 27.4% during the first quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 917 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy's Company Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.