Wendy's (NASDAQ:WEN) received a $13.00 price target from analysts at Truist Financial in a research note issued to investors on Monday, reports. The brokerage currently has a 'buy' rating on the restaurant operator's stock. Truist Financial's price objective would suggest a potential upside of 28.59% from the stock's previous close. A number of other research firms have also commented on WEN. Morgan Stanley reaffirmed an 'underweight' rating on shares of Wendy's in a research note on Friday. UBS Group reaffirmed a 'neutral' rating and issued a $11.00 price objective (down from $14.00) on shares of Wendy's in a research note on Wednesday, July 30th. Bank of America lowered their price objective on Wendy's from $13.00 to $11.00 and set a 'buy' rating for the company in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on Wendy's from $15.00 to $13.00 and set an 'overweight' rating for the company in a research report on Monday. Finally, Guggenheim lowered Wendy's from a 'buy' rating to a 'neutral' rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Wendy's presently has a consensus rating of 'Hold' and a consensus price target of $13.87. Wendy's reported quarterly earnings of $0.29 per share, exceeding the consensus estimate, despite a 1.7% revenue decline from the previous year. The company had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm's quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, analysts predict that Wendy's will post 0.99 EPS for the current year. Insiders have placed bets on the stock: CMO acquired 5,050 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average cost of $11.68 per share, with a total value of $58,984.00. Following the transaction, the chief marketing officer owned 28,956 shares in the company, valued at $338,206.08. The trade was a 21.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through. Insiders own 17.00% of the company's stock. Hedge funds have recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in Wendy's during the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Wendy's by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 1,957 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 3,375 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Wendy's by 27.4% during the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 917 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Wendy's by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 2,033 shares during the last quarter. 85.96% of the stock is currently owned by hedge funds and other institutional investors. Wendy's has a 12 month low of $9.74 and a 12 month high of $20.60. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.05 and a beta of 0.31. The firm has a fifty day simple moving average of $11.05 and a 200 day simple moving average of $12.79. Wendy's last issued its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The business had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm's quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, analysts predict that Wendy's will post 0.99 EPS for the current year.

Truist Financial Issues Pessimistic Forecast for Wendy's (NASDAQ:WEN) Stock Price

Truist Financial assigned a $13.00 price target and a 'buy' rating to Wendy's stock, suggesting a 28.59% upside from its previous close. Other analysts have provided varied ratings and price targets, including Morgan Stanley's 'underweight' and $11.00 target, UBS's 'neutral' and $11.00 target (down from $14.00), Bank of America's lowered target to $11.00 with a 'buy' rating, JPMorgan Chase's reduced target to $13.00 with an 'overweight' rating, and Guggenheim's downgrade to 'neutral'. Wendy's reported quarterly earnings of $0.29 per share, exceeding estimates, with revenue of $560.93 million and a 1.7% year-over-year decline. The company achieved a net margin of 8.63% and a return on equity of 103.07%. Insiders, including the CMO, have increased their holdings, with the CMO acquiring 5,050 shares at $11.68 per share. Hedge funds such as Farther Finance Advisors LLC, Caitong International Asset Management Co. Ltd, Signaturefd LLC, and GAMMA Investing LLC have increased their stakes in the company. The stock currently has a market cap of $1.94 billion, a P/E ratio of 10.53, and a beta of 0.31. The consensus rating is 'Hold' with a consensus price target of $13.87.