Wendys Co Stock Rating Upgraded by Vetr Inc
MarketBeat.com | Apr 27, 2017 01:31AM ET
The Wendy’s Co (NASDAQ:WEN) was upgraded by investment analysts at Vetr 's price target points to a potential upside of 14.48% from the company's current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Wendys from a "hold" rating to a "buy" rating and set a $16.00 target price on the stock in a research note on Wednesday, February 22nd. Royal Bank of Canada reissued a "hold" rating and issued a $13.00 target price on shares of Wendys in a research note on Friday, January 6th. Wells Fargo & Co reissued a "market perform" rating and issued a $13.50 target price (up from $13.00) on shares of Wendys in a research note on Tuesday, February 7th. They noted that the move was a valuation call. Longbow Research cut Wendys from a "buy" rating to a "neutral" rating in a research note on Friday, January 6th. Finally, Wedbush reissued a "neutral" rating and issued a $14.00 target price on shares of Wendys in a research note on Saturday, January 28th. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Wendys currently has a consensus rating of "Hold" and a consensus target price of $14.15.
Wendys (NASDAQ:WEN ) traded up 0.07% during midday trading on Wednesday, hitting $14.78. The stock had a trading volume of 3,880,804 shares. The firm has a 50 day moving average of $13.62 and a 200 day moving average of $13.05. Wendys has a 52 week low of $9.15 and a 52 week high of $14.91. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 30.16 and a beta of 0.97.
Wendys (NASDAQ:WEN) last released its earnings results on Thursday, February 16th. The restaurant operator reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. Wendys had a return on equity of 16.62% and a net margin of 11.74%. The company earned $309.90 million during the quarter, compared to analysts' expectations of $312.83 million. During the same period in the prior year, the company posted $0.12 earnings per share. The company's revenue was down 33.3% on a year-over-year basis. Equities research analysts predict that Wendys will post $0.46 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tyers Asset Management LLC acquired a new position in shares of Wendys during the fourth quarter worth about $101,000. Laurion Capital Management LP acquired a new position in shares of Wendys during the third quarter worth about $122,000. Elkfork Partners LLC acquired a new position in shares of Wendys during the fourth quarter worth about $139,000. LS Investment Advisors LLC increased its position in shares of Wendys by 0.7% in the third quarter. LS Investment Advisors LLC now owns 13,412 shares of the restaurant operator's stock worth $145,000 after buying an additional 88 shares during the last quarter. Finally, Cantab Capital Partners LLP acquired a new position in shares of Wendys during the fourth quarter worth about $156,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.
Wendys Company Profile
The Wendy's Company is the parent company of subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's Restaurants is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's restaurant system in the United States. Wendy's is a restaurant company specializing in the hamburger sandwich segment.
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