Citigroup Cuts Wendy’s (NASDAQ:WEN) Price Target to $7.25

Posted by Brenda Bartman on Jul 31st, 2026

Wendy’s (NASDAQ:WEN – Free Report) had its price target trimmed by Citigroup from $7.75 to $7.25 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on WEN. JPMorgan Chase & Co. restated an “underweight” rating and issued a $6.00 price objective (down from $7.00) on shares of Wendy’s in a research report on Monday, May 11th. Argus raised Wendy’s from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, May 13th. KeyCorp restated a “sector weight” rating on shares of Wendy’s in a report on Wednesday, June 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Wendy’s in a research report on Wednesday, June 10th. Finally, TD Cowen reiterated a “hold” rating and set a $6.00 price objective on shares of Wendy’s in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.04.

Check Out Our Latest Report on Wendy’s

Wendy’s Stock Down 3.8%

Shares of NASDAQ WEN opened at $7.36 on Tuesday. The stock has a market cap of $1.40 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.56 and a beta of 0.36. The firm has a 50 day moving average price of $7.41 and a 200 day moving average price of $7.44. The company has a debt-to-equity ratio of 29.25, a quick ratio of 1.81 and a current ratio of 1.83. Wendy’s has a 52-week low of $6.07 and a 52-week high of $10.84.

Wendy’s (NASDAQ:WEN – Get Free Report) last posted its earnings results on Friday, May 8th. The restaurant operator reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $432.30 million for the quarter, compared to analyst estimates of $518.03 million. Wendy’s had a net margin of 6.77% and a return on equity of 136.46%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Wendy’s has set its FY 2026 guidance at 0.560-0.600 EPS. Analysts expect that Wendy’s will post 0.58 EPS for the current year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.56 annualized dividend and a dividend yield of 7.6%. Wendy’s’s dividend payout ratio (DPR) is currently 71.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Wendy’s during the 1st quarter worth approximately $26,062,000. Ruffer LLP bought a new stake in shares of Wendy’s in the fourth quarter worth $3,194,000. Assenagon Asset Management S.A. acquired a new position in Wendy’s during the fourth quarter worth $781,000. Louisiana State Employees Retirement System bought a new position in Wendy’s in the first quarter valued at $487,000. Finally, Leonteq Securities AG grew its position in Wendy’s by 112.7% in the first quarter. Leonteq Securities AG now owns 200,532 shares of the restaurant operator’s stock valued at $1,394,000 after purchasing an additional 106,249 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

About Wendy’s

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The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.

Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.