Wendys’ (WEN) “Hold” Rating Reaffirmed at Wedbush
Wendys (NASDAQ:WEN)‘s stock had its “hold” rating reaffirmed by investment analysts at Wedbush in a report issued on Monday. They currently have a $17.50 price target on the restaurant operator’s stock. Wedbush’s target price would indicate a potential downside of 2.02% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. CIBC raised shares of Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Wednesday, January 9th. Oppenheimer raised shares of Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Wednesday, January 9th. Stifel Nicolaus cut shares of Wendys from a “buy” rating to a “hold” rating in a report on Monday, January 7th. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. Finally, Zacks Investment Research reissued a “hold” rating on shares of Wendys in a report on Saturday, November 17th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.65.
Shares of NASDAQ WEN traded up $0.12 during midday trading on Monday, reaching $17.86. The company had a trading volume of 68,427 shares, compared to its average volume of 2,815,600. The stock has a market cap of $4.20 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.30 and a beta of 0.80. Wendys has a 1 year low of $14.96 and a 1 year high of $18.68. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 3.52.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Enlightenment Research LLC acquired a new stake in shares of Wendys in the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund grew its position in shares of Wendys by 1,553.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 1,092,875 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Wendys by 2,200.0% in the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 6,600 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Wendys in the third quarter valued at about $199,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Wendys in the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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