UBS AG Reaffirms Neutral Rating on Wendys (WEN)
Several other analysts have also recently commented on the stock. Analysts at Wedbush cut their price target on shares of Wendys from $5.25 to $5.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets cut their EPS estimates on shares of Wendys in a research note on Wednesday. They now have a “market perform” rating and a $5.00 price target on the stock. Finally, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Wendys from $5.00 to $4.40 in a research note to investors on Wednesday.
Shares of Wendys traded up 0.44% during mid-day trading on Wednesday, hitting $4.52. Wendys has a 52 week low of $4.29 and a 52 week high of $5.62. The company has a market cap of $1.764 billion and a P/E ratio of 83.33.
Wendys last announced its earnings results on Tuesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Wendys will post $0.05 earnings per share next quarter.
Wendy’s/Arby’s Group, Inc. is the parent company of its wholly owned subsidiary holding company, Wendy’s/Arby’s Restaurants, LLC (Wendy’s/Arby’s Restaurants).