Wendy’s (NASDAQ:WEN) Price Target Cut to $17.00 by Analysts at Stifel Nicolaus

Wendy’s (NASDAQ:WEN) had its target price decreased by equities research analysts at Stifel Nicolaus from $18.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target points to a potential upside of 12.73% from the company’s current price.

Several other research firms also recently issued reports on WEN. JPMorgan Chase & Co. upped their price objective on shares of Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wolfe Research upgraded shares of Wendy’s to a “strong-buy” rating in a research note on Friday, September 13th. TD Cowen raised their price target 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. Citigroup boosted their price objective on shares of Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets raised their target price on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.04.

Wendy’s Stock Down 0.7 %

Shares of Wendy’s stock traded down $0.10 on Friday, reaching $15.08. The stock had a trading volume of 1,441,809 shares, compared to its average volume of 4,048,779. Wendy’s has a 1 year low of $15.03 and a 1 year high of $20.65. The company has a 50 day moving average price of $17.58 and a 200 day moving average price of $17.50. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The stock has a market capitalization of $3.07 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.42 and a beta of 0.78.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The firm had revenue of $566.70 million during the quarter, compared to analyst estimates of $560.50 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Wendy’s will post 0.99 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Wendy’s during the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new position in Wendy’s during the second quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in Wendy’s by 168.1% during the fourth 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 in the last quarter. AM Squared Ltd acquired a new stake in shares of Wendy’s in the third quarter valued at about $49,000. Finally, Signaturefd LLC increased its stake in shares of Wendy’s by 39.6% during the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,046 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Company Profile

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.