Brokerages Set The Wendy’s Company (NASDAQ:WEN) Price Target at $19.71

Shares of The Wendy’s Company (NASDAQ:WEN) have earned a consensus rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.71.

WEN has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. BMO Capital Markets upped their target price on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Wendy’s in a research report on Friday, November 1st. Truist Financial upped their price objective on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus decreased their target price on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, January 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WEN. Vanguard Personalized Indexing Management LLC increased its holdings in Wendy’s by 16.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,860 shares of the restaurant operator’s stock worth $244,000 after purchasing an additional 2,071 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Wendy’s during the second quarter worth approximately $1,060,000. Intech Investment Management LLC bought a new position in shares of Wendy’s in the 2nd quarter worth $251,000. Canada Pension Plan Investment Board bought a new stake in Wendy’s during the 2nd quarter valued at $1,029,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Wendy’s by 75.9% in the second quarter. Pacer Advisors Inc. now owns 43,804 shares of the restaurant operator’s stock valued at $743,000 after buying an additional 18,905 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Price Performance

Shares of WEN opened at $14.89 on Friday. The firm has a market capitalization of $3.04 billion, a PE ratio of 15.67, a PEG ratio of 1.92 and a beta of 0.78. 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 50-day moving average is $16.31 and its 200-day moving average is $17.32. Wendy’s has a fifty-two week low of $13.98 and a fifty-two week high of $20.65.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities analysts forecast that Wendy’s will post 0.99 EPS for the current year.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.