Stifel Nicolaus Issues Pessimistic Forecast for Wendy’s (NASDAQ:WEN) Stock Price

Wendy’s (NASDAQ:WENGet Free Report) had its price target decreased by research analysts at Stifel Nicolaus from $17.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.99% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Truist Financial reduced their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group reduced their price objective on Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday, February 6th. BMO Capital Markets boosted their price objective on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. UBS Group reduced their price objective on Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley restated an “underweight” rating and set a $14.00 price objective (down previously from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.81.

View Our Latest Research Report on WEN

Wendy’s Trading Down 1.7 %

Wendy’s stock opened at $15.24 on Wednesday. Wendy’s has a 52 week low of $13.72 and a 52 week high of $20.65. 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 $3.11 billion, a P/E ratio of 16.04, a PEG ratio of 2.27 and a beta of 0.77. The stock has a 50-day simple moving average of $15.35 and a 200 day simple moving average of $17.06.

Wendy’s (NASDAQ:WENGet Free Report) last posted its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping 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 business had revenue of $574.27 million during the quarter, compared to analysts’ expectations of $564.17 million. Analysts expect that Wendy’s will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Wendy’s by 670.3% during the fourth 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. acquired a new position in Wendy’s during the fourth quarter valued at approximately $30,000. Colonial Trust Co SC acquired a new position in Wendy’s during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC raised its position 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. Finally, Hillsdale Investment Management Inc. acquired a new position in Wendy’s during the fourth quarter valued at approximately $46,000. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wendy’s Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Wendy's (NASDAQ:WEN)

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