Wendy’s (NASDAQ:WEN) Price Target Lowered to $15.00 at The Goldman Sachs Group

Wendy’s (NASDAQ:WEN) had its price target dropped by stock analysts at The Goldman Sachs Group from $17.00 to $15.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sell” rating on the restaurant operator’s stock. The Goldman Sachs Group’s target price points to a potential downside of 0.43% from the stock’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. BMO Capital Markets lifted their target price on Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Stephens reiterated an “equal weight” rating and set a $19.00 price target on shares of Wendy’s in a research note on Tuesday, November 19th. Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of Wendy’s in a research note on Friday, November 1st. Finally, TD Cowen lifted their target price on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.65.

Wendy’s Stock Performance

Wendy’s stock traded up $0.12 during trading hours on Thursday, reaching $15.07. 1,034,367 shares of the company were exchanged, compared to its average volume of 4,268,476. Wendy’s has a 12 month low of $13.98 and a 12 month high of $20.65. The stock has a 50-day moving average of $16.04 and a 200 day moving average of $17.23. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.25 and a beta of 0.77.

Institutional Investors Weigh In On Wendy’s

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in Wendy’s by 670.3% in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wendy’s in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in Wendy’s by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 1,400 shares during the last quarter. AM Squared Ltd acquired a new stake in Wendy’s in the 3rd quarter valued at approximately $49,000. Finally, Bartlett & CO. Wealth Management LLC raised its position in Wendy’s by 46.4% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 985 shares during 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.