Wendy’s (NASDAQ:WEN) Given New $11.00 Price Target at Evercore ISI

Wendy’s (NASDAQ:WEN) had its price target cut by equities researchers at Evercore ISI from $12.00 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the restaurant operator’s stock. Evercore ISI’s price target points to a potential upside of 28.13% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein set a $9.00 price target on Wendy’s in a report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Wendy’s in a research note on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Wendy’s in a report on Friday, August 8th. Argus reaffirmed a “hold” rating on shares of Wendy’s in a report on Tuesday, September 23rd. Finally, TD Cowen cut their price target on shares of Wendy’s from $11.00 to $9.00 and set a “hold” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.30.

Wendy’s Stock Performance

NASDAQ:WEN traded down $0.39 during trading hours on Monday, hitting $8.59. 1,535,032 shares of the company traded hands, compared to its average volume of 6,191,858. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. Wendy’s has a twelve month low of $8.39 and a twelve month high of $19.61. The firm has a 50-day moving average of $9.27 and a 200 day moving average of $10.55. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.63 and a beta of 0.38.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, November 7th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $442.50 million for the quarter, compared to the consensus estimate of $535.75 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. On average, analysts forecast that Wendy’s will post 0.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Wendy’s by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock valued at $316,509,000 after acquiring an additional 536,071 shares during the period. AQR Capital Management LLC grew its holdings in Wendy’s by 30.1% during the 2nd quarter. AQR Capital Management LLC now owns 13,843,438 shares of the restaurant operator’s stock worth $158,092,000 after acquiring an additional 3,205,269 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Wendy’s by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock valued at $99,012,000 after purchasing an additional 464,444 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Wendy’s by 61.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,041,012 shares of the restaurant operator’s stock valued at $57,568,000 after purchasing an additional 1,915,465 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Wendy’s by 89.6% during the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock worth $43,705,000 after buying an additional 1,411,912 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 operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.