The Goldman Sachs Group Issues Pessimistic Forecast for Wendy’s (NASDAQ:WEN) Stock Price

Wendy’s (NASDAQ:WEN) had its target price lowered by investment analysts at The Goldman Sachs Group from $17.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 3.95% from the stock’s current price.

Several other research firms also recently commented on WEN. Truist Financial raised their price target on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price target on shares of Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Stephens reissued an “equal weight” rating and issued a $19.00 price objective on shares of Wendy’s in a research note on Tuesday, November 19th. UBS Group decreased their target price on Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price target on Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wendy’s has an average rating of “Hold” and a consensus target price of $19.65.

Wendy’s Trading Down 3.3 %

Shares of NASDAQ WEN opened at $14.43 on Thursday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 15.19, a PEG ratio of 2.25 and a beta of 0.77. Wendy’s has a 1-year low of $13.98 and a 1-year high of $20.65. The business’s 50 day moving average is $15.89 and its two-hundred day moving average is $17.20. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08.

Institutional Trading of Wendy’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Blue Trust Inc. lifted its position in shares of 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 buying an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wendy’s during the fourth quarter worth $30,000. GAMMA Investing LLC lifted its holdings in Wendy’s by 168.1% during the fourth 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 in the last quarter. AM Squared Ltd acquired a new stake in shares of Wendy’s in the third quarter valued at about $49,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds 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 offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.