Wendy’s Company (The) (NASDAQ:WEN) was upgraded by equities research analysts at Longbow Research from a “neutral” rating to a “buy” rating in a report issued on Friday. The firm currently has a $18.00 target price on the restaurant operator’s stock, up from their previous target price of $15.23. Longbow Research’s target price would indicate a potential upside of 14.43% from the stock’s previous close.

A number of other analysts have also recently issued reports on WEN. BidaskClub cut shares of Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Bank of America Corporation reissued a “neutral” rating and issued a $17.00 target price on shares of Wendy’s Company (The) in a report on Monday, August 14th. Zacks Investment Research lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a report on Friday, August 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Wendy’s Company (The) in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.77.

Wendy’s Company (NASDAQ WEN) opened at 15.73 on Friday. The stock’s 50 day moving average is $15.12 and its 200 day moving average is $14.92. Wendy’s Company has a 12-month low of $10.47 and a 12-month high of $16.66. The stock has a market capitalization of $3.83 billion, a PE ratio of 40.86 and a beta of 1.00.

Wendy’s Company (The) (NASDAQ:WEN) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The business had revenue of $320.34 million during the quarter. During the same period last year, the business posted $0.10 EPS. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. Analysts forecast that Wendy’s Company will post $0.47 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the business. Sigma Planning Corp grew its position in Wendy’s Company (The) by 0.5% in the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after acquiring an additional 51 shares during the last quarter. Tyers Asset Management LLC grew its position in shares of Wendy’s Company (The) by 1.3% during the 1st quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares in the last quarter. Elkfork Partners LLC grew its position in shares of Wendy’s Company (The) by 1.3% during the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in shares of Wendy’s Company (The) by 1.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 13,244 shares of the restaurant operator’s stock worth $180,000 after buying an additional 168 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Wendy’s Company (The) by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 71,111 shares of the restaurant operator’s stock worth $1,103,000 after buying an additional 341 shares in the last quarter. 76.46% of the stock is currently owned by institutional investors.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

Analyst Recommendations for Wendy`s Company (The) (NASDAQ:WEN)

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