Wendy's (NASDAQ:WEN) Price Target Cut to $16.00 by Analysts at Stifel Nicolaus

Wendy's (NASDAQ:WEN - Free Report) had its target price lowered by Stifel Nicolaus from $17.00 to $16.00 in a report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator's stock.

Several other analysts also recently commented on the company. Truist Financial reduced their target price on Wendy's from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Wedbush raised their target price on Wendy's from $15.50 to $16.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. The Goldman Sachs Group reduced their target price on Wendy's from $17.00 to $15.00 and set a "sell" rating for the company in a research note on Thursday, February 6th. Barclays dropped their price target on shares of Wendy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, BMO Capital Markets raised their price target on shares of Wendy's from $19.00 to $20.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Wendy's currently has a consensus rating of "Hold" and a consensus price target of $18.73.

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Wendy's Trading Down 0.2 %

Wendy's stock traded down $0.03 during trading hours on Wednesday, reaching $15.21. 6,266,642 shares of the company's stock were exchanged, compared to its average volume of 5,389,128. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The firm's 50 day simple moving average is $15.32 and its 200 day simple moving average is $17.05. The firm has a market capitalization of $3.10 billion, a PE ratio of 16.01, a PEG ratio of 2.00 and a beta of 0.77. Wendy's has a twelve month low of $13.72 and a twelve month high of $20.65.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. Research analysts predict that Wendy's will post 0.99 earnings per share for the current year.

Wendy's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.57%. Wendy's's dividend payout ratio is currently 105.26%.

Hedge Funds Weigh In On Wendy's

Hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management purchased a new stake in shares of Wendy's during the 4th quarter worth approximately $3,723,000. Vise Technologies Inc. purchased a new stake in shares of Wendy's during the 4th quarter worth approximately $171,000. PharVision Advisers LLC purchased a new stake in shares of Wendy's during the 4th quarter worth approximately $530,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Wendy's by 13.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,013 shares of the restaurant operator's stock worth $10,237,000 after purchasing an additional 72,033 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Wendy's during the 4th quarter worth approximately $173,000. Institutional investors own 85.96% of the company's stock.

Wendy's Company Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid's meals.