Evercore ISI Has Lowered Expectations for Wendy’s (NASDAQ:WEN) Stock Price

Wendy’s (NASDAQ:WEN) had its price target dropped by Evercore ISI from $12.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “in-line” rating on the restaurant operator’s stock. Evercore ISI’s target price would indicate a potential upside of 28.13% from the company’s current price.

WEN has been the topic of a number of other research reports. Stifel Nicolaus cut their price target on shares of Wendy’s from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. The Goldman Sachs Group lowered their target price on Wendy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Monday, October 20th. Mizuho began coverage on Wendy’s in a report on Monday, October 27th. They issued an “underperform” rating and a $8.00 price target on the stock. Morgan Stanley set a $9.00 price objective on Wendy’s in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group reduced their price target on Wendy’s from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.30.

Wendy’s Trading Down 4.3%

Wendy’s stock traded down $0.39 during mid-day trading on Monday, hitting $8.59. 1,535,032 shares of the company’s stock were exchanged, compared to its average volume of 6,191,858. The company’s 50 day simple moving average is $9.27 and its 200-day simple moving average is $10.55. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74. The firm has a market capitalization of $1.64 billion, a P/E ratio of 8.92, a PEG ratio of 1.63 and a beta of 0.38. Wendy’s has a fifty-two week low of $8.39 and a fifty-two week high of $19.61.

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

Hedge Funds Weigh In On Wendy’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Wendy’s in the second quarter valued at approximately $25,000. Investors Research Corp acquired a new stake in Wendy’s during the 3rd quarter valued at $27,000. Versant Capital Management Inc boosted its position in Wendy’s by 19,693.8% during the third quarter. Versant Capital Management Inc now owns 3,167 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,151 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Wendy’s by 205.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 3,257 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 2,189 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Wendy’s by 35.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,017 shares of the restaurant operator’s stock worth $46,000 after buying an additional 1,041 shares during the last quarter. 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 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.