Stifel Nicolaus Has Lowered Expectations for Wendy’s (NASDAQ:WEN) Stock Price

Wendy’s (NASDAQ:WEN) had its target price dropped by investment analysts at Stifel Nicolaus from $16.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 5.88% from the company’s current price.

Several other equities analysts have also commented on the stock. Truist Financial decreased their price objective on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group dropped their price objective on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday, February 6th. Argus upgraded Wendy’s to a “strong-buy” rating in a research note on Tuesday, February 18th. TD Securities reiterated a “hold” rating and set a $16.00 price target on shares of Wendy’s in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of Wendy’s in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.97.

Wendy’s Stock Up 0.0 %

NASDAQ:WEN traded up $0.00 during midday trading on Tuesday, reaching $13.22. 1,509,945 shares of the stock traded hands, compared to its average volume of 4,185,540. The stock has a market capitalization of $2.59 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. Wendy’s has a 12-month low of $12.05 and a 12-month 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 business has a 50-day moving average of $14.65 and a two-hundred day moving average of $16.39.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share 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 firm had revenue of $574.27 million during the quarter, compared to analysts’ expectations of $564.17 million. On average, equities analysts forecast that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of Wendy’s by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator’s stock valued at $102,743,000 after purchasing an additional 458,106 shares during the period. State Street Corp increased its stake in Wendy’s by 0.7% during the 3rd quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator’s stock worth $90,887,000 after buying an additional 37,801 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Wendy’s by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,033,560 shares of the restaurant operator’s stock worth $65,747,000 after buying an additional 43,805 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Wendy’s by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 3,133,832 shares of the restaurant operator’s stock worth $51,081,000 after acquiring an additional 90,380 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Wendy’s by 3.9% during the third quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator’s stock worth $54,287,000 after purchasing an additional 115,875 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.