Wendys (NASDAQ:WEN) received a $20.00 price target from equities researchers at Mizuho in a research report issued on Thursday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Mizuho’s price objective points to a potential upside of 14.81% from the company’s current price.
WEN has been the subject of a number of other reports. BidaskClub upgraded Wendys from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Zacks Investment Research upgraded Wendys from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Sunday, July 15th. Argus raised their price objective on Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Wedbush restated a “buy” rating and set a $20.00 price objective on shares of Wendys in a research report on Wednesday. Finally, Bank of America raised their price objective on Wendys from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $19.56.
Wendys stock opened at $17.42 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.52 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.37 and a beta of 0.53. Wendys has a 12 month low of $13.67 and a 12 month high of $18.68.
A number of hedge funds have recently modified their holdings of WEN. Toronto Dominion Bank bought a new stake in Wendys in the second quarter worth approximately $112,000. Valeo Financial Advisors LLC increased its holdings in Wendys by 2,200.0% in the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 6,600 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Wendys in the second quarter worth approximately $152,000. Fox Run Management L.L.C. bought a new stake in Wendys in the third quarter worth approximately $202,000. Finally, Private Advisor Group LLC bought a new stake in Wendys in the second quarter worth approximately $213,000. Institutional investors and hedge funds own 77.65% of the company’s stock.
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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