UBS Group Increases Wendy’s (NASDAQ:WEN) Price Target to $16.00

Wendy’s (NASDAQ:WEN) had its target price hoisted by investment analysts at UBS Group from $15.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price objective suggests a potential upside of 3.03% from the company’s previous close.

WEN has been the subject of a number of other reports. TD Securities reiterated a “hold” rating and set a $16.00 price target on shares of Wendy’s in a research report on Friday. Morgan Stanley reiterated an “underweight” rating and set a $14.00 price target (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their price target on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a research report on Thursday, February 6th. Barclays lifted their price target on shares of Wendy’s from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Truist Financial reduced their price target on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.08.

Wendy’s Price Performance

Shares of WEN opened at $15.53 on Friday. Wendy’s has a twelve month low of $13.72 and a twelve month high of $20.65. The stock’s 50 day moving average is $15.06 and its two-hundred day moving average is $16.93. The firm has a market capitalization of $3.11 billion, a PE ratio of 16.35, a P/E/G ratio of 2.00 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data 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 return on equity of 75.56% and a net margin of 8.65%. The company had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. Research analysts anticipate that Wendy’s will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. raised its holdings in Wendy’s by 159.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator’s stock valued at $112,844,000 after acquiring an additional 3,959,480 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wendy’s by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator’s stock valued at $102,743,000 after acquiring an additional 458,106 shares during the last quarter. State Street Corp raised its holdings in Wendy’s by 0.7% in the 3rd quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator’s stock valued at $90,887,000 after acquiring an additional 37,801 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Wendy’s by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,033,560 shares of the restaurant operator’s stock valued at $65,747,000 after acquiring an additional 43,805 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Wendy’s by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 3,133,832 shares of the restaurant operator’s stock valued at $51,081,000 after acquiring an additional 90,380 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

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.