Wendys’ (WEN) “Buy” Rating Reaffirmed at Stephens

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Wendys (NASDAQ:WEN)‘s stock had its “buy” rating reissued by stock analysts at Stephens in a research report issued to clients and investors on Thursday, TipRanks reports. They currently have a $21.00 price target on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 50.54% from the stock’s previous close.

Several other brokerages have also commented on WEN. Wells Fargo & Co upped their price objective on shares of Wendys from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Telsey Advisory Group upped their price objective on shares of Wendys from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Northcoast Research began coverage on shares of Wendys in a report on Tuesday, February 25th. They issued a “buy” rating and a $29.00 price objective on the stock. UBS Group upped their price objective on shares of Wendys from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $26.00 price objective on shares of Wendys in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.69.

NASDAQ:WEN opened at $13.95 on Thursday. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.78 and a beta of 0.84. The company’s 50-day moving average is $18.85 and its two-hundred day moving average is $20.66. Wendys has a 1-year low of $6.82 and a 1-year high of $24.04.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, February 26th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $427.20 million during the quarter, compared to analyst estimates of $423.70 million. Wendys had a net margin of 8.01% and a return on equity of 22.61%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, equities analysts anticipate that Wendys will post 0.62 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of Wendys by 8.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,938,713 shares of the restaurant operator’s stock valued at $43,059,000 after purchasing an additional 150,530 shares during the last quarter. Norges Bank purchased a new stake in shares of Wendys in the 4th quarter valued at approximately $43,163,000. Sunbelt Securities Inc. purchased a new stake in shares of Wendys in the 4th quarter valued at approximately $3,630,000. Geode Capital Management LLC increased its position in shares of Wendys by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 2,117,639 shares of the restaurant operator’s stock valued at $47,032,000 after purchasing an additional 70,811 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Wendys by 1.2% in the 4th quarter. Mason Street Advisors LLC now owns 97,887 shares of the restaurant operator’s stock valued at $2,174,000 after purchasing an additional 1,140 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

About Wendys

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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