Wendys (NASDAQ:WEN) received a $21.00 price objective from analysts at BMO Capital Markets in a report released on Tuesday, TipRanks reports. The firm presently has a “buy” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 7.03% from the company’s previous close.

Several other research firms have also recently weighed in on WEN. Stephens set a $22.00 price objective on shares of Wendys and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Wendys from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Friday, August 23rd. Longbow Research reiterated a “buy” rating on shares of Wendys in a research report on Wednesday, September 4th. Goldman Sachs Group started coverage on shares of Wendys in a research note on Monday, July 29th. They issued a “sell” rating and a $17.50 price target for the company. Finally, BidaskClub lowered shares of Wendys from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. Wendys has a consensus rating of “Hold” and an average price target of $20.83.

NASDAQ WEN traded down $0.09 during trading on Tuesday, reaching $19.62. The company’s stock had a trading volume of 4,905,163 shares, compared to its average volume of 3,240,024. The stock has a market capitalization of $4.52 billion, a PE ratio of 33.25, a P/E/G ratio of 2.43 and a beta of 0.66. 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 firm has a fifty day moving average of $20.23 and a 200 day moving average of $18.92. Wendys has a one year low of $14.96 and a one year high of $22.84.

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

In related news, 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 transaction, the insider now owns 5,444,270 shares in the company, valued at approximately $108,340,973. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $39,940,000.00. Following the completion of the transaction, the director now owns 5,444,270 shares in the company, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Greenleaf Trust bought a new position in shares of Wendys during the second quarter valued at about $12,300,000. Menta Capital LLC lifted its stake in shares of Wendys by 21.0% in the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock valued at $1,277,000 after acquiring an additional 11,318 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of Wendys in the 2nd quarter valued at about $2,017,000. BB&T Securities LLC bought a new stake in shares of Wendys in the 2nd quarter valued at about $234,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Wendys during the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 77.94% of the company’s stock.

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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