Wendys (WEN) PT Set at $20.00 by Mizuho

Wendys (NASDAQ:WEN) has been given a $20.00 price target by research analysts at Mizuho in a research report issued on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Mizuho’s price objective suggests a potential upside of 17.72% from the company’s previous close.

Several other research analysts have also commented on WEN. BidaskClub lowered Wendys from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Wells Fargo & Co dropped their target price on Wendys from $18.00 to $17.50 and set a “market perform” rating on the stock in a report on Thursday. Wedbush reissued a “buy” rating and issued a $20.00 target price on shares of Wendys in a report on Wednesday. Gordon Haskett assumed coverage on Wendys in a report on Thursday, October 18th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Wendys from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, August 17th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.95.

WEN traded up $0.36 during trading on Thursday, hitting $16.99. 309,599 shares of the stock were exchanged, compared to its average volume of 4,347,461. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. Wendys has a 1-year low of $13.57 and a 1-year high of $18.68. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 6.44.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $400.55 million for the quarter, compared to analyst estimates of $406.39 million. Wendys had a return on equity of 26.88% and a net margin of 40.00%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities analysts expect that Wendys will post 0.56 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. grew its holdings in Wendys by 13.3% during the second quarter. Oppenheimer & Co. Inc. now owns 26,408 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 3,100 shares during the period. Arizona State Retirement System grew its holdings in Wendys by 2.6% during the second quarter. Arizona State Retirement System now owns 124,560 shares of the restaurant operator’s stock worth $2,140,000 after acquiring an additional 3,118 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Wendys by 11.6% during the third 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 period. State Treasurer State of Michigan grew its holdings in Wendys by 4.8% during the third 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 period. Finally, Amalgamated Bank grew its holdings in Wendys by 12.5% during the second 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 period. 77.65% of the stock is currently owned by hedge funds and other institutional investors.

Wendys Company Profile

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.

Recommended Story: Day Trading – Risk Worth the Reward?

Analyst Recommendations for Wendys (NASDAQ:WEN)

Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply