Wendy’s (NASDAQ:WEN) PT Lowered to $18.00

Wendy’s (NASDAQ:WEN) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $20.00 to $18.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 6.01% from the stock’s current price.

A number of other research firms also recently issued reports on WEN. Morgan Stanley dropped their target price on shares of Wendy’s from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. UBS Group raised their target price on Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Barclays dropped their price objective on Wendy’s from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group started coverage on shares of Wendy’s in a report on Thursday, June 13th. They issued a “sell” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.28.

Wendy’s Trading Up 0.1 %

NASDAQ:WEN traded up $0.02 on Friday, reaching $16.98. 3,135,321 shares of the stock traded hands, compared to its average volume of 3,543,216. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. Wendy’s has a 1-year low of $15.61 and a 1-year high of $22.42. The company has a current ratio of 2.04, a quick ratio of 2.02 and a debt-to-equity ratio of 11.21. The company’s 50 day moving average is $16.90 and its 200-day moving average is $18.15.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $570.73 million for the quarter, compared to the consensus estimate of $577.15 million. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. Equities research analysts anticipate that Wendy’s will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wendy’s news, CMO Juan Carlos Loredo sold 44,806 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $19.50, for a total value of $873,717.00. Following the completion of the sale, the chief marketing officer now owns 27,586 shares in the company, valued at $537,927. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Wendy’s

Institutional investors and hedge funds have recently modified their holdings of the stock. Highlander Capital Management LLC lifted its position in shares of Wendy’s by 250.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after buying an additional 1,000 shares in the last quarter. Salomon & Ludwin LLC lifted its position in Wendy’s by 378.0% during the first quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 1,240 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Wendy’s in the 2nd quarter worth $33,000. Quarry LP bought a new stake in shares of Wendy’s in the 4th quarter worth about $34,000. Finally, Bessemer Group Inc. raised its position in shares of Wendy’s by 483.2% during the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 1,551 shares in the last quarter. Institutional investors 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.