Wendy’s (NASDAQ:WEN) Price Target Cut to $14.00 by Analysts at UBS Group

Wendy’s (NASDAQ:WEN) had its price objective decreased by research analysts at UBS Group from $16.00 to $14.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential upside of 11.20% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Stephens reiterated an “equal weight” rating and issued a $15.00 target price on shares of Wendy’s in a research note on Thursday, April 10th. Stifel Nicolaus decreased their price objective on Wendy’s from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Citigroup boosted their price objective on Wendy’s from $15.50 to $16.50 and gave the company a “neutral” rating in a research report on Friday, March 7th. Argus raised Wendy’s to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Barclays lowered their price target on shares of Wendy’s from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.58.

Wendy’s Stock Performance

Shares of NASDAQ WEN opened at $12.59 on Monday. The business’s 50-day simple moving average is $14.23 and its 200-day simple moving average is $16.02. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. Wendy’s has a 52 week low of $12.05 and a 52 week high of $20.65. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.00 and a beta of 0.61.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. As a group, equities research analysts expect that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wendy’s

A number of hedge funds and other institutional investors have recently bought and sold shares of WEN. Blue Trust Inc. grew its stake in shares of Wendy’s by 670.3% in the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 1,220 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wendy’s in the 4th quarter valued at about $30,000. Colonial Trust Co SC bought a new position in shares of Wendy’s during the fourth quarter worth about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Wendy’s by 1,111.9% in the first quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,957 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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. 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 operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.