Wendys’ (WEN) Buy Rating Reaffirmed at Wedbush

Wendys (NASDAQ:WEN)‘s stock had its “buy” rating reaffirmed by investment analysts at Wedbush in a report released on Wednesday. They presently have a $20.00 price objective on the restaurant operator’s stock. Wedbush’s target price would suggest a potential upside of 15.14% from the company’s current price. Wedbush also issued estimates for Wendys’ FY2019 earnings at $0.64 EPS.

Several other research analysts also recently commented on WEN. BidaskClub downgraded shares of Wendys from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Mizuho set a $21.00 price target on shares of Wendys and gave the company a “buy” rating in a report on Thursday, August 16th. Gordon Haskett assumed coverage on shares of Wendys in a report on Thursday, October 18th. They issued a “buy” rating and a $20.00 price target for the company. Morgan Stanley raised their price target on shares of Wendys from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, August 17th. Finally, Argus raised their price target on shares of Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.95.

WEN traded up $0.53 on Wednesday, hitting $17.37. The company’s stock had a trading volume of 992,171 shares, compared to its average volume of 4,347,461. The company has a market cap of $4.05 billion, a PE ratio of 40.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. Wendys has a 12 month low of $13.67 and a 12 month high of $18.68. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 6.44.

Wendys (NASDAQ:WEN) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $400.55 million during the quarter. Wendys had a net margin of 40.00% and a return on equity of 26.88%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. Research analysts forecast that Wendys will post 0.56 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in Wendys by 13.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 26,408 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 3,100 shares during the period. Arizona State Retirement System raised its position in Wendys by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 124,560 shares of the restaurant operator’s stock worth $2,140,000 after purchasing an additional 3,118 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Wendys by 11.6% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 30,857 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 3,200 shares during the last quarter. State Treasurer State of Michigan grew its holdings in Wendys by 4.8% in the 3rd quarter. State Treasurer State of Michigan now owns 69,243 shares of the restaurant operator’s stock worth $1,187,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Wendys by 12.5% in the 2nd quarter. Amalgamated Bank now owns 45,852 shares of the restaurant operator’s stock worth $788,000 after acquiring an additional 5,111 shares during the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

About Wendys

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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Analyst Recommendations for Wendys (NASDAQ:WEN)

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