Wendy’s Company (The) (NASDAQ:WEN)‘s stock had its “sell” rating restated by equities researchers at UBS AG in a research note issued to investors on Thursday, www.flashratings.com reports. They presently have a $13.00 price target on the restaurant operator’s stock, up from their previous price target of $12.00. UBS AG’s price objective suggests a potential downside of 14.75% from the company’s current price.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, April 19th. Vetr raised shares of Wendy’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $16.92 target price on the stock in a research report on Wednesday, April 26th. Stephens increased their target price on shares of Wendy’s Company (The) from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Royal Bank Of Canada increased their target price on shares of Wendy’s Company (The) from $11.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 11th. Finally, Instinet reissued a “neutral” rating and set a $15.00 target price (up from $11.00) on shares of Wendy’s Company (The) in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.56.

Shares of Wendy’s Company (WEN) traded down 3.54% on Thursday, hitting $15.25. The company’s stock had a trading volume of 3,504,822 shares. Wendy’s Company has a 52 week low of $9.80 and a 52 week high of $16.66. The stock’s 50 day moving average price is $15.55 and its 200 day moving average price is $14.72. The stock has a market capitalization of $3.74 billion, a P/E ratio of 30.93 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $320.34 million for the quarter. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The company’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. On average, analysts forecast that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

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In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $15.97, for a total transaction of $87,835,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.50% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in WEN. Gateway Investment Advisers LLC boosted its stake in Wendy’s Company (The) by 38.3% in the first quarter. Gateway Investment Advisers LLC now owns 613,689 shares of the restaurant operator’s stock valued at $8,352,000 after buying an additional 169,793 shares during the last quarter. Oakbrook Investments LLC bought a new stake in Wendy’s Company (The) during the first quarter valued at $235,000. Glen Harbor Capital Management LLC boosted its stake in Wendy’s Company (The) by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 204 shares during the last quarter. Pecaut & CO. bought a new stake in Wendy’s Company (The) during the first quarter valued at $461,000. Finally, IFP Advisors Inc boosted its stake in Wendy’s Company (The) by 13.2% in the first quarter. IFP Advisors Inc now owns 41,549 shares of the restaurant operator’s stock valued at $565,000 after buying an additional 4,852 shares during the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

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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