Wendy’s (NASDAQ:WEN) Price Target Lowered to $18.00 at Barclays

Wendy’s (NASDAQ:WEN) had its target price reduced by analysts at Barclays from $20.00 to $18.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target would suggest a potential upside of 8.30% from the stock’s previous close.

A number of other research analysts have also recently commented on WEN. Loop Capital restated a “buy” rating and set a $26.00 price objective on shares of Wendy’s in a research note on Monday, July 15th. UBS Group lifted their price target on shares of Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. The Goldman Sachs Group began coverage on Wendy’s in a research note on Thursday, June 13th. They issued a “sell” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Wendy’s from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Piper Sandler lowered their price target on shares of Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.61.

Wendy’s Stock Down 2.0 %

WEN stock traded down $0.34 during midday trading on Friday, reaching $16.62. 1,999,231 shares of the company were exchanged, compared to its average volume of 3,534,657. The stock’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $18.15. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. Wendy’s has a 1-year low of $15.61 and a 1-year high of $22.42. The company has a debt-to-equity ratio of 11.21, a quick ratio of 2.02 and a current ratio of 2.04.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $570.73 million during the quarter, compared to analysts’ expectations of $577.15 million. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities analysts forecast that Wendy’s will post 0.99 earnings per share for the current year.

Insider Transactions at Wendy’s

In other Wendy’s news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $19.50, for a total transaction of $873,717.00. Following the transaction, the chief marketing officer now directly owns 27,586 shares of the company’s stock, valued at $537,927. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.10% of the company’s stock.

Institutional Trading of Wendy’s

A number of hedge funds have recently made changes to their positions in WEN. Concurrent Investment Advisors LLC bought a new position in shares of Wendy’s during the 2nd quarter valued at $1,646,000. Rothschild Investment LLC purchased a new position in Wendy’s in the second quarter worth about $595,000. Hantz Financial Services Inc. bought a new stake in shares of Wendy’s during the 2nd quarter valued at about $274,000. International Assets Investment Management LLC purchased a new stake in shares of Wendy’s during the 2nd quarter valued at about $33,000. Finally, Signaturefd LLC lifted its stake in shares of Wendy’s by 94.7% in the 2nd quarter. Signaturefd LLC now owns 2,644 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 1,286 shares during the period. 85.96% of the stock is owned by institutional investors.

Wendy’s Company Profile

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.