Wendy’s (NASDAQ:WEN) Earns Neutral Rating from JPMorgan Chase & Co.

Wendy’s (NASDAQ:WEN)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a report released on Wednesday, Marketbeat.com reports. They presently have a $17.00 target price on the restaurant operator’s stock, down from their previous target price of $20.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.97% from the stock’s previous close.

A number of other equities research analysts have also weighed in on WEN. Wedbush boosted their price objective on shares of Wendy’s from $15.50 to $16.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. UBS Group lowered their price target on shares of Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on Wendy’s from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Thursday, February 6th. Truist Financial decreased their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Barclays dropped their target price on Wendy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.42.

Wendy’s Stock Performance

NASDAQ:WEN opened at $15.60 on Wednesday. The stock has a market cap of $3.18 billion, a P/E ratio of 16.42, a PEG ratio of 2.00 and a beta of 0.77. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The business’s 50-day moving average price is $15.23 and its two-hundred day moving average price is $17.01. Wendy’s has a twelve month low of $13.72 and a twelve month high of $20.65.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. The business had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. As a group, equities analysts predict that Wendy’s will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new stake in Wendy’s in the fourth quarter worth $3,723,000. Vise Technologies Inc. bought a new position in shares of Wendy’s in the 4th quarter worth about $171,000. PharVision Advisers LLC purchased a new position in Wendy’s during the 4th quarter valued at about $530,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wendy’s by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,013 shares of the restaurant operator’s stock worth $10,237,000 after acquiring an additional 72,033 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Wendy’s in the fourth quarter worth about $173,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Company Profile

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.