Wendy’s (NASDAQ:WEN) Given New $9.00 Price Target at Royal Bank Of Canada

Wendy’s (NASDAQ:WEN) had its price objective reduced by Royal Bank Of Canada from $10.00 to $9.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a sector perform rating on the restaurant operator’s stock.

WEN has been the subject of several other research reports. Stifel Nicolaus lowered their target price on Wendy’s from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Barclays reduced their target price on Wendy’s from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Piper Sandler restated an “overweight” rating and set a $13.00 price target on shares of Wendy’s in a report on Friday, August 8th. Evercore ISI reduced their price objective on shares of Wendy’s from $12.00 to $11.00 and set an “in-line” rating on the stock in a research note on Monday. Finally, Sanford C. Bernstein set a $9.00 price target on shares of Wendy’s in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.86.

Wendy’s Trading Down 4.8%

Shares of WEN stock opened at $8.54 on Monday. Wendy’s has a 12-month low of $8.39 and a 12-month high of $19.61. The company has a market capitalization of $1.63 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The firm has a 50 day moving average price of $9.22 and a two-hundred day moving average price of $10.52. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Friday, November 7th. The restaurant operator reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The business had revenue of $442.50 million during the quarter, compared to analysts’ expectations of $535.75 million. During the same period last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. As a group, analysts predict that Wendy’s will post 0.99 earnings per share for the current year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, December 1st. This represents a $0.56 annualized dividend and a yield of 6.6%. Wendy’s’s dividend payout ratio (DPR) is 59.57%.

Hedge Funds Weigh In On Wendy’s

Several institutional investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Wendy’s during the 2nd quarter valued at $25,000. Investors Research Corp purchased a new stake in Wendy’s in the 3rd quarter worth about $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 stake 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 worth $30,000 after purchasing an additional 2,189 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Wendy’s by 7,180.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 3,375 shares in the last quarter. 85.96% of the stock is owned by institutional investors.

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.