Wendy's (NASDAQ:WEN) Earns "Hold" Rating from Argus

Key Points

• Argus analysts have reiterated a "hold" rating for Wendy's stock, which currently has a consensus rating of "Hold" and an average target price of $12.97.
• Wendy's reported earnings of $0.29 per share for the last quarter, exceeding expectations and indicating a net margin of 8.63%, although revenue decreased by 1.7% year-over-year.
• Several institutional investors, including Ameriprise Financial and Deutsche Bank AG, have recently increased their holdings in Wendy's, with hedge funds owning approximately 85.96% of the stock.

Wendy's (NASDAQ:WEN - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Argus in a report issued on Tuesday, MarketBeat.com reports.

Several other analysts have also recently weighed in on WEN. Cowen reiterated a "hold" rating on shares of Wendy's in a research note on Friday, August 8th. Stifel Nicolaus set a $12.00 price target on shares of Wendy's in a report on Friday, August 15th. Wall Street Zen raised shares of Wendy's from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. BMO Capital Markets reissued a "market perform" rating and set a $12.00 target price (down from $15.00) on shares of Wendy's in a report on Friday, August 8th. Finally, Piper Sandler reissued an "overweight" rating and set a $13.00 target price on shares of Wendy's in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Wendy's presently has a consensus rating of "Hold" and an average target price of $12.97.

Wendy's Stock Down 0.2%

Wendy's stock opened at $9.31 on Tuesday. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $11.78. Wendy's has a 1-year low of $9.27 and a 1-year high of $20.60. The company has a market cap of $1.77 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.37. 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 posted its earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The company had revenue of $560.93 million during the quarter, compared to analysts' expectations of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. Wendy's's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Research analysts anticipate that Wendy's will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WEN. Ameriprise Financial Inc. increased its holdings in shares of Wendy's by 2.9% in the fourth quarter. Ameriprise Financial Inc. now owns 217,638 shares of the restaurant operator's stock worth $3,548,000 after buying an additional 6,065 shares during the period. Deutsche Bank AG increased its holdings in shares of Wendy's by 9.9% in the fourth quarter. Deutsche Bank AG now owns 39,072 shares of the restaurant operator's stock worth $637,000 after buying an additional 3,522 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Wendy's by 46.5% in the fourth quarter. Nuveen Asset Management LLC now owns 801,536 shares of the restaurant operator's stock worth $13,065,000 after buying an additional 254,443 shares during the period. Tidal Investments LLC grew its holdings in shares of Wendy's by 52.0% in the fourth quarter. Tidal Investments LLC now owns 15,403 shares of the restaurant operator's stock worth $251,000 after purchasing an additional 5,270 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Wendy's in the fourth quarter worth approximately $173,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

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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