Wedbush reissued their hold rating on shares of Wendys (NASDAQ:WEN) in a research report report published on Monday. Wedbush currently has a $17.50 target price on the restaurant operator’s stock.
A number of other research analysts have also weighed in on WEN. Zacks Investment Research reissued a hold rating on shares of Wendys in a report on Saturday, November 17th. BidaskClub lowered shares of Wendys from a buy rating to a hold rating in a research note on Saturday, December 1st. Mizuho set a $20.00 price objective on shares of Wendys and gave the stock a buy rating in a research note on Thursday, November 8th. Gordon Haskett began coverage on shares of Wendys in a research note on Thursday, October 18th. They set a buy rating and a $20.00 price objective for the company. Finally, ValuEngine raised shares of Wendys from a hold rating to a buy rating in a research note on Saturday, November 10th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $19.65.
Get Wendys alerts:WEN stock opened at $17.90 on Monday. Wendys has a fifty-two week low of $14.96 and a fifty-two week high of $18.68. The company has a quick ratio of 2.51, a current ratio of 2.52 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $4.19 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80.
In other Wendys news, COO Robert D. Wright sold 28,300 shares of Wendys stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total transaction of $503,174.00. Following the completion of the transaction, the chief operating officer now directly owns 48,467 shares of the company’s stock, valued at $861,743.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.10% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in WEN. Jane Street Group LLC bought a new stake in shares of Wendys during the second quarter worth $285,000. Fox Run Management L.L.C. bought a new stake in shares of Wendys in the third quarter valued at about $202,000. Bank of Montreal Can raised its holdings in shares of Wendys by 15.6% in the third quarter. Bank of Montreal Can now owns 161,230 shares of the restaurant operator’s stock valued at $2,763,000 after acquiring an additional 21,720 shares in the last quarter. Oakbrook Investments LLC bought a new stake in shares of Wendys in the third quarter valued at about $222,000. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Wendys by 11.6% in the third quarter. Xact Kapitalforvaltning AB now owns 30,857 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.
About Wendys
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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