Wendy’s (NASDAQ:WEN) Rating Lowered to C+ at TheStreet

Wendy’s (NASDAQ:WEN – Get Rating) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday, TheStreetRatingsTable reports.

WEN has been the subject of several other research reports. Citigroup reduced their price target on shares of Wendy’s from $23.00 to $18.50 in a report on Thursday, May 12th. Credit Suisse Group reduced their target price on shares of Wendy’s from $27.00 to $22.00 in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Wendy’s from $26.00 to $20.00 in a research note on Thursday, May 12th. Truist Financial reduced their price objective on Wendy’s from $29.00 to $27.00 in a research report on Thursday, May 12th. Finally, StockNews.com assumed coverage on Wendy’s in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $26.12.

WEN opened at $17.39 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.65 and a debt-to-equity ratio of 7.48. The company’s 50-day moving average price is $20.61 and its 200 day moving average price is $21.88. Wendy’s has a fifty-two week low of $15.77 and a fifty-two week high of $29.46. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Wendy’s (NASDAQ:WEN – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The restaurant operator reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Wendy’s had a return on equity of 34.82% and a net margin of 10.20%. During the same period last year, the firm earned $0.20 EPS. Research analysts anticipate that Wendy’s will post 0.83 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of WEN. State Street Corp increased its stake in Wendy’s by 6.0% in the 1st quarter. State Street Corp now owns 4,957,246 shares of the restaurant operator’s stock worth $108,911,000 after purchasing an additional 282,580 shares in the last quarter. Echo Street Capital Management LLC acquired a new position in shares of Wendy’s in the first quarter worth about $276,000. Graham Capital Management L.P. purchased a new position in shares of Wendy’s in the first quarter worth approximately $1,955,000. UBS Group AG raised its holdings in shares of Wendy’s by 25.7% during the first quarter. UBS Group AG now owns 414,203 shares of the restaurant operator’s stock valued at $9,101,000 after acquiring an additional 84,619 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Wendy’s during the first quarter valued at approximately $23,989,000. Hedge funds and other institutional investors own 69.97% 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.

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