Wendy's (NASDAQ:WEN) Price Target Lowered to $9.00 at Barclays

Key Points

• Wendy's had its price target lowered by Barclays from $11.00 to $9.00, indicating a potential downside of 3.59% from the current share price.
• Multiple analysts have given mixed ratings on Wendy's stock, with an average rating of "Hold" and a consensus price target of $11.63.
• The company reported quarterly earnings on August 8th, with earnings per share of $0.29, surpassing expectations, though revenue was down 1.7% year-over-year.

Wendy's (NASDAQ:WEN - Get Free Report) had its price target decreased by Barclays from $11.00 to $9.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the restaurant operator's stock. Barclays's price objective points to a potential downside of 3.59% from the company's current price.

A number of other research analysts have also commented on WEN. BTIG Research restated a "neutral" rating on shares of Wendy's in a research report on Monday, September 15th. Truist Financial set a $12.00 price target on shares of Wendy's in a research report on Tuesday, October 14th. Weiss Ratings restated a "sell (d+)" rating on shares of Wendy's in a research report on Wednesday, October 8th. Northcoast Research cut shares of Wendy's from a "neutral" rating to a "sell" rating and set a $7.00 price objective on the stock. in a research report on Thursday, September 25th. Finally, Cowen restated a "hold" rating on shares of Wendy's in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.63.

Wendy's Price Performance

Shares of WEN traded up $0.01 during midday trading on Wednesday, hitting $9.34. 3,573,133 shares of the company traded hands, compared to its average volume of 6,084,406. The stock has a 50-day moving average of $9.70 and a 200-day moving average of $10.95. Wendy's has a one year low of $8.55 and a one year high of $20.60. The firm has a market cap of $1.78 billion, a P/E ratio of 9.73, a PEG ratio of 1.69 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

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

Institutional Trading of Wendy's

Several hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Wendy's during the second quarter valued at approximately $25,000. Investors Research Corp purchased a new stake in shares of Wendy's during the third quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its stake in shares of Wendy's by 1,111.9% during the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 1,957 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Wendy's by 35.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 1,041 shares during the period. Finally, SJS Investment Consulting Inc. purchased a new stake in shares of Wendy's during the third quarter valued at approximately $48,000. 85.96% of the stock is owned by 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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