Wendys (WEN) PT Set at $20.00 by Mizuho

Wendys (NASDAQ:WEN) has been assigned a $20.00 price objective by investment analysts at Mizuho in a note issued to investors on Thursday. The firm currently has a “buy” rating on the restaurant operator’s stock. Mizuho’s price target points to a potential upside of 14.81% from the stock’s previous close.

WEN has been the topic of several other research reports. Zacks Investment Research upgraded Wendys from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Saturday, October 13th. BidaskClub cut Wendys from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Bank of America increased their price objective on Wendys from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. KeyCorp initiated coverage on Wendys in a research report on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Finally, Morgan Stanley increased their price objective on Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, August 17th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.56.

WEN opened at $17.42 on Thursday. Wendys has a 1-year low of $13.67 and a 1-year high of $18.68. The company has a current ratio of 2.52, a quick ratio of 1.70 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $3.94 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $400.55 million for the quarter, compared to analysts’ expectations of $406.39 million. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. As a group, equities analysts expect that Wendys will post 0.57 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in Wendys by 13.3% in the second quarter. Oppenheimer & Co. Inc. now owns 26,408 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 3,100 shares in the last quarter. Arizona State Retirement System boosted its stake in Wendys by 2.6% in the second quarter. Arizona State Retirement System now owns 124,560 shares of the restaurant operator’s stock valued at $2,140,000 after buying an additional 3,118 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Wendys by 11.6% in the third quarter. Xact Kapitalforvaltning AB now owns 30,857 shares of the restaurant operator’s stock valued at $529,000 after buying an additional 3,200 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Wendys by 4.8% in the third quarter. State Treasurer State of Michigan now owns 69,243 shares of the restaurant operator’s stock valued at $1,187,000 after buying an additional 3,200 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Wendys by 12.5% in the second quarter. Amalgamated Bank now owns 45,852 shares of the restaurant operator’s stock valued at $788,000 after buying an additional 5,111 shares in the last quarter. 77.65% of the stock is currently owned by 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.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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