Wendys (NASDAQ:WEN) Given a $21.00 Price Target by BMO Capital Markets Analysts

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Wendys (NASDAQ:WEN) received a $21.00 price target from equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. BMO Capital Markets’ target price points to a potential upside of 7.03% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Piper Jaffray Companies started coverage on shares of Wendys in a research report on Monday, May 13th. They set an “overweight” rating and a $22.00 price target on the stock. SunTrust Banks increased their price target on Wendys from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI set a $20.00 price objective on Wendys and gave the stock a “hold” rating in a research report on Wednesday, August 7th. MKM Partners set a $20.00 price objective on Wendys and gave the company a “hold” rating in a research note on Tuesday. Finally, Guggenheim lowered Wendys from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Monday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.83.

Wendys stock traded down $0.09 during mid-day trading on Tuesday, hitting $19.62. 4,905,163 shares of the stock were exchanged, compared to its average volume of 3,240,024. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.43 and a beta of 0.66. Wendys has a 12 month low of $14.96 and a 12 month 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’s fifty day simple moving average is $20.23 and its two-hundred day simple moving average is $18.92.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, beating the Zacks’ 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 company had revenue of $435.30 million for the quarter, compared to analyst estimates of $439.64 million. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that Wendys will post 0.63 earnings per share for the current fiscal year.

In other Wendys news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 5,444,270 shares in the company, valued at $108,340,973. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the completion of the transaction, the director now directly owns 5,444,270 shares in the company, valued at $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenleaf Trust acquired a new stake in shares of Wendys in the 2nd quarter worth about $12,300,000. Menta Capital LLC lifted its position in Wendys by 21.0% in the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock valued at $1,277,000 after acquiring an additional 11,318 shares in the last quarter. Foundry Partners LLC bought a new position in Wendys in the 2nd quarter valued at about $2,017,000. BB&T Securities LLC acquired a new position in Wendys during the 2nd quarter valued at about $234,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Wendys during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.

About Wendys

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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