Wendy’s’ (WEN) Hold Rating Reaffirmed at TD Securities

Wendy’s (NASDAQ:WEN)‘s stock had its “hold” rating reaffirmed by equities researchers at TD Securities in a research note issued to investors on Friday,Benzinga reports. They presently have a $16.00 target price on the restaurant operator’s stock. TD Securities’ price objective would suggest a potential upside of 5.54% from the company’s current price.

Several other research firms have also recently commented on WEN. Stephens restated an “equal weight” rating and set a $15.00 price target on shares of Wendy’s in a report on Thursday. UBS Group lowered their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley restated an “underweight” rating and issued a $14.00 price objective (down previously from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of Wendy’s in a research note on Tuesday. Finally, Truist Financial dropped their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Wendy’s currently has an average rating of “Hold” and a consensus price target of $18.26.

Wendy’s Stock Performance

Shares of WEN stock opened at $15.16 on Friday. The stock’s fifty day simple moving average is $15.11 and its 200-day simple moving average is $16.96. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.00 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48. Wendy’s has a 1-year low of $13.72 and a 1-year high of $20.65.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. On average, sell-side analysts predict that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEN. Blue Trust Inc. raised its stake in shares of Wendy’s by 670.3% in the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 1,220 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wendy’s in the fourth quarter valued at approximately $30,000. Colonial Trust Co SC acquired a new position in Wendy’s during the 4th quarter worth $31,000. GAMMA Investing LLC boosted its position in Wendy’s by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 1,400 shares during the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of Wendy’s in the 3rd quarter valued at $49,000. Institutional investors and hedge funds 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 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.