Wendy’s (NASDAQ:WEN – Get Rating) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.
Other equities research analysts have also recently issued research reports about the company. StockNews.com assumed coverage on Wendy’s in a report on Thursday, March 31st. They set a “hold” rating for the company. Wedbush reiterated an “outperform” rating on shares of Wendy’s in a research report on Wednesday, March 2nd. Citigroup started coverage on shares of Wendy’s in a research report on Tuesday, April 12th. They issued a “neutral” rating and a $23.00 price target for the company. Tigress Financial lifted their price target on shares of Wendy’s from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, March 23rd. Finally, Stephens lifted their price target on shares of Wendy’s from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, January 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $27.56.
Wendy’s stock opened at $20.89 on Monday. Wendy’s has a 52 week low of $20.36 and a 52 week high of $29.46. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.37 and a current ratio of 1.39. The stock has a market capitalization of $4.50 billion, a P/E ratio of 23.47, a PEG ratio of 1.98 and a beta of 0.93. The stock has a 50-day simple moving average of $21.96 and a 200 day simple moving average of $22.30.
Several large investors have recently made changes to their positions in WEN. Ahrens Investment Partners LLC acquired a new position in shares of Wendy’s during the fourth quarter worth $29,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Wendy’s by 215.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,471 shares of the restaurant operator’s stock worth $32,000 after buying an additional 1,004 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Wendy’s during the fourth quarter worth $34,000. Covestor Ltd acquired a new position in shares of Wendy’s during the fourth quarter worth $45,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Wendy’s during the fourth quarter worth $66,000. Institutional investors own 70.20% of the company’s stock.
About Wendy’s (Get Rating)
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
- Get a free copy of the StockNews.com research report on Wendy’s (WEN)
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