Wendy’s (NASDAQ:WEN) Price Target Cut to $13.00 by Analysts at Barclays

Wendy’s (NASDAQ:WENGet Free Report) had its target price reduced by equities research analysts at Barclays from $14.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective points to a potential upside of 9.52% from the stock’s current price.

WEN has been the subject of a number of other reports. Wedbush reissued a “neutral” rating and set a $16.00 target price on shares of Wendy’s in a research note on Friday, March 7th. Morgan Stanley dropped their target price on shares of Wendy’s from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their price target on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Thursday, February 6th. Truist Financial dropped their price objective on Wendy’s from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday. Finally, UBS Group decreased their target price on Wendy’s from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.53.

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Wendy’s Trading Down 5.2 %

Wendy’s stock opened at $11.87 on Monday. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. The firm’s 50 day moving average price is $13.90 and its 200-day moving average price is $15.76. Wendy’s has a 1 year low of $11.75 and a 1 year high of $20.60. The stock has a market cap of $2.33 billion, a P/E ratio of 12.49, a PEG ratio of 2.00 and a beta of 0.40.

Wendy’s (NASDAQ:WENGet Free Report) last posted its quarterly earnings data on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $523.47 million during the quarter, compared to analyst estimates of $530.11 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. On average, equities analysts predict that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Abigail E. Pringle sold 136,819 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $12.81, for a total value of $1,752,651.39. Following the completion of the transaction, the insider now directly owns 203,005 shares of the company’s stock, valued at $2,600,494.05. This trade represents a 40.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.00% of the company’s stock.

Institutional Investors Weigh In On Wendy’s

A number of large investors have recently bought and sold shares of WEN. Pacer Advisors Inc. grew its stake in Wendy’s by 2.9% in the 4th quarter. Pacer Advisors Inc. now owns 25,529 shares of the restaurant operator’s stock worth $416,000 after acquiring an additional 717 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Wendy’s by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 57,400 shares of the restaurant operator’s stock valued at $979,000 after acquiring an additional 797 shares during the last quarter. FSM Wealth Advisors LLC grew its position in Wendy’s by 5.5% during the first quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock valued at $237,000 after acquiring an additional 842 shares during the period. Natixis Advisors LLC increased its stake in Wendy’s by 6.1% during the fourth quarter. Natixis Advisors LLC now owns 15,634 shares of the restaurant operator’s stock worth $255,000 after acquiring an additional 897 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Wendy’s by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 917 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

About Wendy’s

(Get Free Report)

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.

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