Wendys (NASDAQ:WEN) has been given a $21.00 target price by analysts at Credit Suisse Group in a research note issued on Tuesday, TipRanks reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Credit Suisse Group’s price target would suggest a potential upside of 7.03% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Evercore ISI set a $20.00 target price on shares of Wendys and gave the company a “hold” rating in a report on Wednesday, August 7th. Goldman Sachs Group began coverage on shares of Wendys in a research note on Monday, July 29th. They issued a “sell” rating and a $17.50 price target for the company. Wells Fargo & Co raised their price target on shares of Wendys from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Tuesday. SunTrust Banks lifted their price target on shares of Wendys from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, ValuEngine cut Wendys from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.83.

Shares of WEN traded down $0.09 during midday trading on Tuesday, reaching $19.62. The company had a trading volume of 4,905,163 shares, compared to its average volume of 3,240,024. Wendys has a 1-year low of $14.96 and a 1-year high of $22.84. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67. The firm has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $18.92. The stock has a market cap of $4.52 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66.

Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The firm had revenue of $435.30 million for the quarter, compared to analysts’ expectations of $439.64 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wendys will post 0.63 earnings per share for the current fiscal year.

In other news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.90, for a total transaction of $9,452,500.00. Following the sale, the insider now owns 5,444,270 shares of the company’s stock, valued at $108,340,973. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the sale, the director now directly owns 5,444,270 shares in the company, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc boosted its position in Wendys by 1.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 66,250 shares of the restaurant operator’s stock valued at $1,172,000 after buying an additional 625 shares during the period. Advisory Services Network LLC grew its stake in shares of Wendys by 65.2% in the second quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 849 shares in the last quarter. Strs Ohio grew its stake in shares of Wendys by 4.7% in the second quarter. Strs Ohio now owns 20,492 shares of the restaurant operator’s stock worth $401,000 after acquiring an additional 913 shares in the last quarter. Coastal Investment Advisors Inc. increased its position in shares of Wendys by 116.6% during the second quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 978 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wendys by 9.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,322 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 1,074 shares during the period. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Analyst Recommendations for Wendys (NASDAQ:WEN)

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