UBS Group raises Wendy’s (NASDAQ:WEN) price target to $21.00

Wendy’s (NASDAQ:WEN – Get a Free Report) In a research report issued Friday, the price target was raised by investment analysts at UBS Group from $20.00 to $21.00, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential upside of 5.32% from the stock’s previous closing price.

Several other stock analysts have also recently weighed in on the company. TD Cowen reiterated a “hold” rating and set a $19.00 price target on shares of Wendy’s in a report on Friday. BMO Capital Markets raised their target price on shares of Wendy’s from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday. Stephens reiterated an “equalweight” rating and set a $20.00 price target on shares of Wendy’s in a report on Thursday. Gordon Haskett downgraded shares of Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in an investigative report on Tuesday, January 16. Finally, Piper Sandler raised its price target on Wendy’s from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday. Fourteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of ‘Hold’ and an average price target of $22.60.

Check out our latest research report on WEN

Wendy’s stock performance

Shares of NASDAQ:WEN opened at $19.94 on Friday. The company has a fifty day simple moving average of $18.80 and a two hundred day simple moving average of $19.05. The company has a quick ratio of 2.18, a current ratio of 2.04 and a debt-to-equity ratio of 11.21. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.00 and a beta of 0.78. Wendy’s has a 52-week low of $17.64 and a 52-week high of $23.90.

Wendy’s (NASDAQ:WEN – Get Free Report) last reported its quarterly results on Thursday, May 2. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The company had revenue of $534.80 million during the quarter, compared to analyst estimates of $540.84 million. In the same quarter last year, the company posted earnings per share of $0.21. The company’s revenue rose 1.1% year over year. On average, analysts expect Wendy’s to post earnings per share of 0.99 for the current fiscal year.

Buying and selling with insider information

In other news, Director Kenneth W. Gilbert sold 4,500 shares of stock in a transaction that occurred on Friday, March 1st. The shares sold at an average price of $18.07, for a total transaction of $81,315.00. Following the transaction, the director now directly owns 31,304 shares in the company, valued at $565,663.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.10% of the shares are owned by insiders.

Institutional inflow and outflow

Several major investors have recently made changes to their positions in WEN. Highlander Capital Management LLC grew its position in shares of Wendy’s by 250.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC increased its position in shares of Wendy’s by 112.0% during the third quarter. Signaturefd LLC now owns 1,444 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 763 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Wendy’s by 203.2% during the third quarter. Spire Wealth Management now owns 1,516 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,016 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Wendy’s by 378.0% in the first quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Quarry LP bought a new position in Wendy’s worth $34,000 in the fourth quarter. 85.96% of the shares are held by institutional investors.

Wendy’s company profile

(Get a free report)

The Wendy’s Company, together with its subsidiaries, operates as a quick service restaurant company in the United States and internationally. It operates through the Wendy’s US, Wendy’s International and Global Real Estate & Development segments. The company is involved in operating, developing and franchising a system of quick service restaurants specializing in hamburger sandwiches.

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