Wendy’s (NASDAQ:WEN – Get Free Report)‘s stock had its “underweight” rating restated by equities research analysts at Morgan Stanley in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $14.00 price target on the restaurant operator’s stock, down from their previous price target of $22.00. Morgan Stanley’s price objective would indicate a potential downside of 1.20% from the stock’s current price.
A number of other research analysts have also weighed in on WEN. BMO Capital Markets raised their price objective on shares of 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 target price on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, January 10th. UBS Group dropped their target price on shares of Wendy’s from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of Wendy’s in a report on Friday, November 1st. Finally, Citigroup raised their target price on Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.71.
Get Our Latest Analysis on Wendy’s
Wendy’s Price Performance
Wendy’s (NASDAQ:WEN – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The company had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $560.50 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Wendy’s will post 0.99 EPS for the current year.
Hedge Funds Weigh In On Wendy’s
Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Wendy’s by 670.3% during the 4th 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. Strategic Investment Solutions Inc. IL purchased a new position in Wendy’s in the 2nd quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of Wendy’s during the 2nd quarter valued at $30,000. GAMMA Investing LLC increased its stake in Wendy’s by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 1,400 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in Wendy’s during the third quarter valued at about $49,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.
About Wendy’s
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.
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