Wendy's (NASDAQ:WEN - Get Free Report) had its price target cut by research analysts at Truist Financial from $16.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Truist Financial's target price indicates a potential upside of 26.07% from the stock's previous close.
WEN has been the subject of several other reports. Barclays decreased their price target 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. Guggenheim cut shares of Wendy's from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Loop Capital reduced their price objective on shares of Wendy's from $26.00 to $21.00 and set a "buy" rating for the company in a report on Monday, May 5th. TD Securities reduced their price objective on shares of Wendy's from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Wendy's from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $17.00 to $15.00 in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.24.
Read Our Latest Stock Analysis on Wendy's
Wendy's Trading Down 1.6%
Shares of WEN traded down $0.19 during trading hours on Wednesday, hitting $11.11. 1,546,240 shares of the stock were exchanged, compared to its average volume of 4,642,765. Wendy's has a fifty-two week low of $10.91 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 24.88, a current ratio of 1.49 and a quick ratio of 1.47. The business has a 50-day moving average of $11.69 and a 200-day moving average of $13.59. The firm has a market capitalization of $2.13 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.73 and a beta of 0.34.
Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Wendy's had a net margin of 8.57% and a return on equity of 85.36%. The firm had revenue of $523.47 million during the quarter, compared to the consensus estimate of $530.11 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. On average, research analysts expect that Wendy's will post 0.99 EPS for the current year.
Insider Activity
In related news, CMO Lindsay J. Radkoski acquired 5,050 shares of the stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average price of $11.68 per share, with a total value of $58,984.00. Following the completion of the transaction, the chief marketing officer owned 28,956 shares in the company, valued at approximately $338,206.08. The trade was a 21.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Abigail E. Pringle sold 136,819 shares of Wendy's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $12.81, for a total transaction of $1,752,651.39. Following the completion of the sale, the insider directly owned 203,005 shares in the company, valued at approximately $2,600,494.05. This represents a 40.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.
Institutional Trading of Wendy's
Several hedge funds and other institutional investors have recently modified their holdings of WEN. Proficio Capital Partners LLC bought a new stake in shares of Wendy's in the fourth quarter valued at approximately $213,000. Jones Financial Companies Lllp raised its position in shares of Wendy's by 424.5% in the fourth quarter. Jones Financial Companies Lllp now owns 6,488 shares of the restaurant operator's stock valued at $106,000 after purchasing an additional 5,251 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Wendy's in the fourth quarter valued at approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of Wendy's in the fourth quarter valued at approximately $824,000. Finally, Amundi raised its position in shares of Wendy's by 7,752.6% in the fourth quarter. Amundi now owns 190,032 shares of the restaurant operator's stock valued at $2,885,000 after purchasing an additional 187,612 shares during the period. Institutional investors own 85.96% of the company's stock.
Wendy's Company Profile
(
Get Free Report)
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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