Weiss Ratings Reaffirms Sell (D+) Rating for Wendy's (NASDAQ:WEN)

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for Wendy's (NASDAQ: WEN), indicating a generally negative outlook from this equities research firm.
• While Weiss Ratings gives a sell recommendation, 14 analysts have issued a "hold" rating, with a consensus target price of $11.63 for the stock.
• Wendy's reported earnings of $0.29 per share in its last quarterly report, which exceeded expectations, but the company's revenue decreased by 1.7% compared to the previous year.

Wendy's (NASDAQ:WEN - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Stephens reissued an "equal weight" rating on shares of Wendy's in a research report on Monday, August 11th. Argus reissued a "hold" rating on shares of Wendy's in a research note on Tuesday, September 23rd. Cowen reiterated a "hold" rating on shares of Wendy's in a research report on Friday, August 8th. BTIG Research reiterated a "neutral" rating on shares of Wendy's in a research report on Monday, September 15th. Finally, Morgan Stanley set a $9.00 price objective on Wendy's in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.63.

Wendy's Price Performance

Shares of WEN traded down $0.04 during mid-day trading on Friday, reaching $8.98. 3,607,304 shares of the stock traded hands, compared to its average volume of 5,628,753. The firm has a fifty day moving average price of $9.64 and a 200 day moving average price of $10.90. Wendy's has a 1 year low of $8.55 and a 1 year high of $20.60. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million during the quarter, compared to analyst estimates of $558.95 million. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The company's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. As a group, equities research analysts predict that Wendy's will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Wendy's by 91.0% during the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after buying an additional 2,033 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Wendy's by 295.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 39,844 shares of the restaurant operator's stock valued at $583,000 after acquiring an additional 29,768 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Wendy's in the 1st quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Wendy's by 12.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,538 shares of the restaurant operator's stock valued at $2,041,000 after acquiring an additional 15,970 shares during the last quarter. Finally, KBC Group NV increased its holdings in Wendy's by 41.9% in the 1st quarter. KBC Group NV now owns 8,657 shares of the restaurant operator's stock valued at $127,000 after acquiring an additional 2,555 shares during the last quarter. Institutional investors own 85.96% of the company's stock.

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.

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