Wendys (NASDAQ:WEN) has been assigned a $22.00 price objective by analysts at Stephens in a research report issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Stephens’ target price would indicate a potential upside of 12.13% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group initiated coverage on shares of Wendys in a research note on Monday, July 29th. They issued a “sell” rating and a $17.50 price objective on the stock. Longbow Research restated a “buy” rating on shares of Wendys in a report on Wednesday, September 4th. MKM Partners set a $20.00 target price on shares of Wendys and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Wendys from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Friday, August 23rd. Finally, SunTrust Banks increased their price target on shares of Wendys from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. Wendys has a consensus rating of “Hold” and an average target price of $20.83.

WEN traded down $0.09 during trading on Tuesday, reaching $19.62. 4,905,163 shares of the stock were exchanged, compared to its average volume of 3,240,024. The business’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $18.92. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.97 and a quick ratio of 1.96. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.43 and a beta of 0.66. Wendys has a 1 year low of $14.96 and a 1 year high of $22.84.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The company had revenue of $435.30 million for the quarter, compared to analyst estimates of $439.64 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. Wendys’s revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Wendys will post 0.63 EPS for the current year.

In other news, Director Matthew H. Peltz sold 2,000,000 shares of Wendys stock in a transaction on Friday, August 16th. The stock was sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the sale, the director now owns 5,444,270 shares of the company’s stock, valued at $108,722,071.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Trian Fund Management, L.P. sold 475,000 shares of Wendys stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.90, for a total value of $9,452,500.00. Following the completion of the sale, the insider now directly owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in Wendys by 65.5% during the second quarter. Invesco Ltd. now owns 10,441,578 shares of the restaurant operator’s stock worth $204,447,000 after purchasing an additional 4,131,438 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Wendys by 2,361.6% during the 2nd quarter. Holocene Advisors LP now owns 1,669,013 shares of the restaurant operator’s stock valued at $32,679,000 after buying an additional 1,601,211 shares during the period. Prudential Financial Inc. grew its stake in shares of Wendys by 1,406.4% during the 2nd quarter. Prudential Financial Inc. now owns 1,621,181 shares of the restaurant operator’s stock valued at $31,743,000 after buying an additional 1,513,560 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Wendys by 1,369.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,612,184 shares of the restaurant operator’s stock worth $31,567,000 after buying an additional 1,502,470 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Wendys by 57.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,956,664 shares of the restaurant operator’s stock worth $52,895,000 after buying an additional 1,074,389 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Wendys Company Profile

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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