Wendy’s (NASDAQ:WEN) Posts Quarterly Earnings Results

Wendy’s (NASDAQ:WEN) announced its quarterly earnings data on Friday. The restaurant operator reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04, Zacks reports. The firm had revenue of $442.50 million during the quarter, compared to analyst estimates of $535.75 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Wendy’s updated its FY 2025 guidance to 0.820-0.890 EPS.

Wendy’s Stock Up 1.6%

Shares of WEN stock traded up $0.14 during mid-day trading on Friday, hitting $8.97. The company’s stock had a trading volume of 20,313,598 shares, compared to its average volume of 6,216,762. Wendy’s has a 52-week low of $8.39 and a 52-week high of $19.97. The business has a 50-day moving average price of $9.30 and a 200 day moving average price of $10.61. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.63 and a beta of 0.38. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group lowered their price objective on Wendy’s from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, October 13th. The Goldman Sachs Group decreased their price objective on shares of Wendy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Monday, October 20th. Stifel Nicolaus cut their price objective on Wendy’s from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Argus reiterated a “hold” rating on shares of Wendy’s in a report on Tuesday, September 23rd. Finally, Northcoast Research downgraded shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.40.

Institutional Investors Weigh In On Wendy’s

A number of large investors have recently added to or reduced their stakes in WEN. Tower Research Capital LLC TRC lifted its holdings in shares of Wendy’s by 53.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,629 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 2,994 shares during the period. BTG Pactual Asset Management US LLC bought a new position in Wendy’s in the second quarter valued at about $115,000. United Services Automobile Association bought a new position in Wendy’s in the first quarter valued at about $161,000. Oxford Asset Management LLP bought a new stake in shares of Wendy’s during the 2nd quarter valued at about $131,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Wendy’s by 407.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,875 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 10,337 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

About Wendy’s

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.