Wendy’s (NASDAQ:WEN) Price Target Lowered to $15.00 at The Goldman Sachs Group

Wendy’s (NASDAQ:WEN) had its price objective lowered by stock analysts at The Goldman Sachs Group from $17.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the restaurant operator’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 0.43% from the company’s current price.

WEN has been the subject of several other reports. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Wendy’s in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Stifel Nicolaus reduced their price target on Wendy’s from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Stephens restated an “equal weight” rating and issued a $19.00 price target on shares of Wendy’s in a research note on Tuesday, November 19th. Finally, TD Cowen boosted their price target on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.65.

Wendy’s Stock Performance

Shares of NASDAQ WEN traded up $0.12 during midday trading on Thursday, hitting $15.07. 1,034,367 shares of the company’s stock were exchanged, compared to its average volume of 4,268,476. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. Wendy’s has a 12 month low of $13.98 and a 12 month high of $20.65. The company’s 50 day moving average price is $16.04 and its 200 day moving average price is $17.23. The firm has a market capitalization of $3.07 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.25 and a beta of 0.77.

Institutional Investors Weigh In On Wendy’s

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC boosted its position in shares of Wendy’s by 0.6% during the 3rd quarter. MetLife Investment Management LLC now owns 92,132 shares of the restaurant operator’s stock valued at $1,614,000 after purchasing an additional 590 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Wendy’s by 6.5% during the 3rd quarter. Probity Advisors Inc. now owns 11,689 shares of the restaurant operator’s stock valued at $205,000 after purchasing an additional 715 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Wendy’s by 2.9% during the 4th quarter. Pacer Advisors Inc. now owns 25,529 shares of the restaurant operator’s stock valued at $416,000 after purchasing an additional 717 shares in the last quarter. Truist Financial Corp boosted its position in shares of Wendy’s by 1.6% during the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock valued at $874,000 after purchasing an additional 810 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Wendy’s by 21.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,432 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 949 shares in the last quarter. Institutional investors 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.