Wendy’s (NASDAQ:WEN) Hits New 52-Week Low – Here’s What Happened

The Wendy’s Company (NASDAQ:WEN)’s share price hit a new 52-week low on Thursday . The company traded as low as $13.72 and last traded at $13.91, with a volume of 1230096 shares. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

A number of research analysts have commented on WEN shares. Truist Financial boosted their price objective on Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen increased their price objective on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley reissued an “underweight” rating and set a $14.00 target price (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut their price objective 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.43.

Wendy’s Trading Up 0.3 %

The company has a fifty day moving average price of $15.67 and a 200-day moving average price of $17.15. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. On average, equities research analysts predict that The Wendy’s Company will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Wendy’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEN. Blue Trust Inc. raised its position 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 valued at $25,000 after purchasing an additional 1,220 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wendy’s during the 4th quarter worth about $30,000. GAMMA Investing LLC boosted its stake in Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 1,400 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Wendy’s in the 4th quarter valued at approximately $46,000. Finally, AM Squared Ltd bought a new position in Wendy’s in the 3rd quarter worth approximately $49,000. 85.96% of the stock is currently owned by institutional investors and hedge funds.

About Wendy’s

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.