Royal Bank Of Canada Issues Pessimistic Forecast for Wendy's (NASDAQ:WEN) Stock Price

Wendy's (NASDAQ:WEN - Get Free Report) had its price objective lowered by equities researchers at Royal Bank Of Canada from $10.00 to $9.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "sector perform" rating on the restaurant operator's stock. Royal Bank Of Canada's price objective points to a potential upside of 4.59% from the stock's previous close.

• Rocketing Volume: 3 Stocks With Big Potential Moves

Other equities research analysts have also recently issued research reports about the company. Citigroup upgraded Wendy's from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Loop Capital dropped their price objective on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. TD Cowen decreased their price target on shares of Wendy's from $11.00 to $9.00 and set a "hold" rating on the stock in a research note on Monday. Piper Sandler reissued an "overweight" rating and issued a $13.00 price target on shares of Wendy's in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wendy's from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.93.

Get Our Latest Report on WEN

Wendy's Stock Performance

• 3 Fast Food Stocks That Won’t Give You Indigestion Right Now

Shares of Wendy's stock traded down $0.37 during trading on Monday, hitting $8.61. 3,663,360 shares of the stock were exchanged, compared to its average volume of 6,203,858. 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 company has a fifty day moving average price of $9.27 and a 200-day moving average price of $10.55. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. Wendy's has a 1-year low of $8.39 and a 1-year high of $19.61.

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

Hedge Funds Weigh In On Wendy's

• Is McDonald's Stock a Smart Buy After Sell-Off and Earnings?

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Teacher Retirement System of Texas grew its holdings in shares of Wendy's by 7.1% during the 1st quarter. Teacher Retirement System of Texas now owns 29,823 shares of the restaurant operator's stock worth $436,000 after purchasing an additional 1,974 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Wendy's by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator's stock worth $37,707,000 after purchasing an additional 142,500 shares during the period. M&T Bank Corp lifted its position in Wendy's by 49.1% during the first quarter. M&T Bank Corp now owns 15,677 shares of the restaurant operator's stock worth $229,000 after purchasing an additional 5,163 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Wendy's by 22.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator's stock worth $105,000 after buying an additional 1,303 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in Wendy's in the 1st quarter valued at about $388,000. 85.96% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories

• Five stocks we like better than Wendy's
• Industrial Products Stocks Investing
• 3 Stocks Showing Relative Strength as Markets Pull Back
• What is a Dividend King?
• 5 Defensive Consumer Plays to Watch If Markets Keep Slipping
• Best Stocks Under $10.00
• Analysts Keep Raving Over AppLovin: Targets Rise Post-Earnings

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Wendy's Right Now?

Before you consider Wendy's, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wendy's wasn't on the list.

While Wendy's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here