TD Securities Lowers Wendy’s (NASDAQ:WEN) Price Target to $13.00

Wendy’s (NASDAQ:WEN) had its target price dropped by equities research analysts at TD Securities from $14.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. TD Securities’ target price suggests a potential upside of 3.59% from the stock’s previous close.

WEN has been the subject of a number of other reports. Stifel Nicolaus lowered their target price on Wendy’s from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $17.00 target price (down previously from $20.00) on shares of Wendy’s in a report on Wednesday, February 26th. UBS Group cut their price target on Wendy’s from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Morgan Stanley reiterated an “underweight” rating and set a $14.00 price objective (down from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. Finally, Argus upgraded Wendy’s to a “strong-buy” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.36.

Wendy’s Stock Performance

Shares of Wendy’s stock opened at $12.55 on Friday. Wendy’s has a 52 week low of $12.05 and a 52 week high of $20.60. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.00 and a beta of 0.40. The firm has a fifty day moving average of $14.04 and a two-hundred day moving average of $15.87.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $523.47 million for the quarter, compared to analysts’ expectations 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 was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. As a group, equities research analysts predict that Wendy’s will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Wendy’s

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in Wendy’s by 670.3% during the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wendy’s during the fourth quarter valued at approximately $30,000. Colonial Trust Co SC purchased a new position in Wendy’s in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its position in Wendy’s by 1,111.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,957 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

About Wendy’s

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.