Wendy’s (NASDAQ:WEN) Given New $17.00 Price Target at UBS Group

Wendy’s (NASDAQ:WEN) had its price target lowered by stock analysts at UBS Group from $20.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential upside of 11.99% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Stephens reissued an “equal weight” rating and set a $19.00 price target on shares of Wendy’s in a research report on Tuesday, November 19th. TD Cowen raised their price objective on shares of Wendy’s from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Citigroup increased their price target on shares of Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, Truist Financial upped their price objective on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.14.

Wendy’s Stock Performance

Shares of WEN stock opened at $15.18 on Tuesday. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The company’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.52. The firm has a market capitalization of $3.09 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.42 and a beta of 0.78. Wendy’s has a 12 month low of $15.03 and a 12 month high of $20.65.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $560.50 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Wendy’s in the second quarter valued at approximately $27,000. Quarry LP bought a new position in Wendy’s in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC grew its holdings in Wendy’s by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after buying an additional 1,400 shares in the last quarter. AM Squared Ltd acquired a new stake in Wendy’s in the 3rd quarter valued at approximately $49,000. Finally, Signaturefd LLC raised its stake in Wendy’s by 39.6% during the 3rd quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,046 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

About Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.