Wendy’s (NASDAQ:WEN) Given New $16.00 Price Target at UBS Group

Wendy’s (NASDAQ:WEN) had its price target boosted by research analysts at UBS Group from $15.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price indicates a potential upside of 5.54% from the company’s previous close.

Several other brokerages also recently weighed in on WEN. Morgan Stanley restated an “underweight” rating and set a $14.00 price target (down from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. The Goldman Sachs Group decreased their target price 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. Truist Financial cut their price target on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Wendy’s from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Wendy’s in a research report on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.21.

Wendy’s Trading Up 1.4 %

Shares of WEN opened at $15.16 on Friday. The firm has a 50 day moving average price of $15.11 and a 200-day moving average price of $16.96. Wendy’s has a fifty-two week low of $13.72 and a fifty-two week high of $20.65. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.00 and a beta of 0.77. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million during the quarter, compared to analysts’ expectations of $564.17 million. As a group, equities research analysts forecast that Wendy’s will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Wendy’s

Several hedge funds and other institutional investors have recently modified their holdings of WEN. Blue Trust Inc. lifted its position in Wendy’s by 670.3% during 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wendy’s during the 4th quarter valued at approximately $30,000. Colonial Trust Co SC purchased a new stake in Wendy’s in the 4th quarter worth approximately $31,000. GAMMA Investing LLC raised 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 worth $36,000 after acquiring an additional 1,400 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in Wendy’s during the fourth quarter valued at approximately $46,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

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.