Wendys (WEN) PT Raised to $16.00

Wendys (NASDAQ:WEN) had its price target raised by investment analysts at Wells Fargo & Co from $15.50 to $16.00 in a note issued to investors on Monday. The firm currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 1.59% from the company’s previous close.

A number of other brokerages also recently commented on WEN. Longbow Research downgraded Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Friday, January 12th. They noted that the move was a valuation call. Barclays reiterated an “overweight” rating and set a $20.00 price objective (up previously from $17.00) on shares of Wendys in a research report on Tuesday, January 16th. BidaskClub downgraded Wendys from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. TheStreet upgraded Wendys from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Finally, Wedbush upgraded Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Wendys has a consensus rating of “Hold” and a consensus price target of $17.07.

Shares of Wendys (NASDAQ WEN) traded up $0.28 during midday trading on Monday, reaching $15.75. The company’s stock had a trading volume of 2,348,100 shares, compared to its average volume of 3,562,080. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. The company has a market cap of $3,746.78, a price-to-earnings ratio of 37.73, a P/E/G ratio of 1.71 and a beta of 0.82. Wendys has a 52-week low of $13.03 and a 52-week high of $17.66.

Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Wendys had a net margin of 5.20% and a return on equity of 20.35%. analysts predict that Wendys will post 0.44 EPS for the current year.

Several large investors have recently made changes to their positions in WEN. MetLife Investment Advisors LLC acquired a new position in Wendys during the fourth quarter worth $1,887,000. LPL Financial LLC increased its position in Wendys by 6.6% during the fourth quarter. LPL Financial LLC now owns 54,933 shares of the restaurant operator’s stock worth $902,000 after buying an additional 3,401 shares during the last quarter. PEAK6 Investments L.P. increased its position in Wendys by 667.2% during the fourth quarter. PEAK6 Investments L.P. now owns 208,218 shares of the restaurant operator’s stock worth $3,419,000 after buying an additional 181,077 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in Wendys by 15.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 30,044 shares of the restaurant operator’s stock worth $493,000 after buying an additional 3,948 shares during the last quarter. Finally, Raymond James & Associates increased its position in Wendys by 8.7% during the fourth quarter. Raymond James & Associates now owns 146,231 shares of the restaurant operator’s stock worth $2,401,000 after buying an additional 11,718 shares during the last quarter. Institutional investors and hedge funds own 77.25% of the company’s stock.

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About Wendys

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

Analyst Recommendations for Wendys (NASDAQ:WEN)

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