TD Securities Reaffirms "Hold" Rating for Wendy's (NASDAQ:WEN)

Wendy's (NASDAQ:WEN - Get Free Report)'s stock had its "hold" rating restated by analysts at TD Securities in a report issued on Friday,Benzinga reports. They presently have a $16.00 price target on the restaurant operator's stock. TD Securities' price objective points to a potential upside of 3.03% from the company's current price.

Several other equities analysts have also commented on WEN. JPMorgan Chase & Co. reissued a "neutral" rating and set a $17.00 price target (down from $20.00) on shares of Wendy's in a research report on Wednesday, February 26th. Morgan Stanley reissued an "underweight" rating and set a $14.00 price target (down from $22.00) on shares of Wendy's in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their price target on Wendy's from $17.00 to $15.00 and set a "sell" rating on the stock in a research report on Thursday, February 6th. Argus raised Wendy's to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, UBS Group dropped their price objective on Wendy's from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.08.

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Wendy's Trading Up 2.4 %

Shares of NASDAQ WEN traded up $0.37 during midday trading on Friday, hitting $15.53. The stock had a trading volume of 8,100,099 shares, compared to its average volume of 3,891,168. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.00 and a beta of 0.77. Wendy's has a 1-year low of $13.72 and a 1-year high of $20.65. 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 company has a fifty day moving average price of $15.06 and a 200 day moving average price of $16.93.

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

Institutional Investors Weigh In On Wendy's

A number of institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC increased its holdings in shares of Wendy's by 0.6% in the 3rd quarter. MetLife Investment Management LLC now owns 92,132 shares of the restaurant operator's stock valued at $1,614,000 after acquiring an additional 590 shares during the last quarter. Pacer Advisors Inc. grew its stake in Wendy's by 2.9% during the 4th quarter. Pacer Advisors Inc. now owns 25,529 shares of the restaurant operator's stock worth $416,000 after buying an additional 717 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Wendy's by 1.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 57,400 shares of the restaurant operator's stock worth $979,000 after buying an additional 797 shares during the last quarter. Natixis Advisors LLC grew its stake in Wendy's by 6.1% during the 4th quarter. Natixis Advisors LLC now owns 15,634 shares of the restaurant operator's stock worth $255,000 after buying an additional 897 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its stake in Wendy's by 46.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after buying an additional 985 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

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.