Truist Financial Lowers Wendy's (NASDAQ:WEN) Price Target to $14.00

Wendy's (NASDAQ:WEN - Get Free Report) had its price objective dropped by equities research analysts at Truist Financial from $16.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Truist Financial's price target indicates a potential upside of 27.04% from the company's current price.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their target price on shares of Wendy's from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upgraded shares of Wendy's from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $17.00 to $15.00 in a research note on Monday, May 5th. Loop Capital reduced their target price on shares of Wendy's from $26.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Barclays reduced their target price on shares of Wendy's from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Finally, BMO Capital Markets reduced their target price on shares of Wendy's from $17.00 to $15.00 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Wendy's currently has an average rating of "Hold" and an average target price of $16.24.

Wendy's Stock Down 2.4%

Shares of WEN stock traded down $0.27 during trading on Wednesday, hitting $11.02. 7,334,426 shares of the company were exchanged, compared to its average volume of 4,662,790. The company has a debt-to-equity ratio of 24.88, a quick ratio of 1.47 and a current ratio of 1.49. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.74 and a beta of 0.34. The business's 50-day simple moving average is $11.66 and its 200 day simple moving average is $13.55. Wendy's has a twelve month low of $10.91 and a twelve month high of $20.60.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $523.47 million during the quarter, compared to analysts' expectations of $530.11 million. Wendy's had a net margin of 8.57% and a return on equity of 85.36%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. As a group, analysts forecast that Wendy's will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling at Wendy's

In other Wendy's news, insider Abigail E. Pringle sold 136,819 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $12.81, for a total value of $1,752,651.39. Following the sale, the insider owned 203,005 shares of the company's stock, valued at $2,600,494.05. The trade was a 40.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Lindsay J. Radkoski purchased 5,050 shares of the stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average cost of $11.68 per share, for a total transaction of $58,984.00. Following the acquisition, the chief marketing officer directly owned 28,956 shares in the company, valued at approximately $338,206.08. This trade represents a 21.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. 17.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wendy's

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Wendy's in the 4th quarter valued at $30,000. Colonial Trust Co SC bought a new stake in shares of Wendy's in the 4th quarter worth about $31,000. Farther Finance Advisors LLC increased its position in shares of Wendy's by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 1,957 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Wendy's during the 4th quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Wendy's by 7,180.9% in 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 buying an additional 3,375 shares in 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.