Wendy's (NASDAQ:WEN) Given New $21.00 Price Target at Loop Capital

Wendy's (NASDAQ:WEN - Get Free Report) had its price objective cut by equities researchers at Loop Capital from $26.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Loop Capital's target price indicates a potential upside of 65.17% from the stock's previous close.

A number of other research analysts have also recently issued reports on WEN. Stephens reiterated an "equal weight" rating and set a $14.00 price objective on shares of Wendy's in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Wendy's from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $17.00 to $15.00 in a research note on Monday. UBS Group lowered their price objective on shares of Wendy's from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Citigroup lifted their target price on Wendy's from $15.50 to $16.50 and gave the company a "neutral" rating in a research report on Friday, March 7th. Finally, Wedbush reaffirmed a "neutral" rating and set a $16.00 price target on shares of Wendy's in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.81.

Wendy's Price Performance

Shares of NASDAQ:WEN traded up $0.16 during trading on Monday, reaching $12.71. The company had a trading volume of 3,918,091 shares, compared to its average volume of 4,243,119. The company has a fifty day moving average of $14.04 and a two-hundred day moving average of $15.84. Wendy's has a 12 month low of $12.05 and a 12 month high of $20.60. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48. The stock has a market capitalization of $2.49 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 2.00 and a beta of 0.40.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. The company had revenue of $523.47 million during the quarter, compared to analysts' expectations of $530.11 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm's revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that Wendy's will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC grew its stake in Wendy's by 3,249.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,568,348 shares of the restaurant operator's stock valued at $25,564,000 after purchasing an additional 1,521,527 shares in the last quarter. Invesco Ltd. increased its stake in Wendy's by 296.1% during the 4th quarter. Invesco Ltd. now owns 1,882,829 shares of the restaurant operator's stock valued at $30,690,000 after buying an additional 1,407,503 shares during the period. Trexquant Investment LP bought a new stake in shares of Wendy's in the 4th quarter worth $16,678,000. Assenagon Asset Management S.A. bought a new position in shares of Wendy's during the 4th quarter valued at about $13,358,000. Finally, Victory Capital Management Inc. lifted its position in shares of Wendy's by 93.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator's stock valued at $25,938,000 after acquiring an additional 766,910 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company's stock.

About Wendy's

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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