UBS Group Has Lowered Expectations for Wendy’s (NASDAQ:WEN) Stock Price

Wendy’s (NASDAQ:WEN) had its price objective lowered by stock analysts at UBS Group from $20.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price would suggest a potential upside of 11.99% from the company’s current price.

Several other analysts also recently issued reports on the stock. TD Cowen upped their price target on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Truist Financial upped their target price on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price target on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Stephens reiterated an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wendy’s has an average rating of “Hold” and a consensus price target of $20.14.

Wendy’s Stock Performance

NASDAQ WEN opened at $15.18 on Tuesday. The business has a 50 day moving average price of $17.66 and a 200 day moving average price of $17.52. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The company has a market capitalization of $3.09 billion, a P/E ratio of 15.98, a PEG ratio of 2.42 and a beta of 0.78. Wendy’s has a 1-year low of $15.03 and a 1-year high of $20.65.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. During the same quarter last year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts expect that Wendy’s will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Wendy’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEN. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wendy’s during the 2nd quarter valued at $27,000. Quarry LP purchased a new position in Wendy’s in the second quarter valued at about $30,000. GAMMA Investing LLC lifted its stake in shares of Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares in the last quarter. AM Squared Ltd purchased a new stake in shares of Wendy’s in the third quarter worth about $49,000. Finally, Signaturefd LLC grew its stake in shares of Wendy’s by 39.6% in the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,046 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

About Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.