In a report released on February 16, Christopher Carril from RBC Capital maintained a Hold rating on Wendy’s (WEN – Research Report), with a price target of $20.00. The company’s shares closed last Friday at $18.43.
Carril covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, McDonald’s, and Brinker International. According to TipRanks, Carril has an average return of 9.9% and a 67.78% success rate on recommended stocks.
In addition to RBC Capital, Wendy’s also received a Hold from Morgan Stanley’s Brian Harbour in a report issued on February 16. However, on the same day, Piper Sandler reiterated a Buy rating on Wendy’s (NASDAQ: WEN).
See the top stocks recommended by analysts >>
The company has a one-year high of $23.03 and a one-year low of $17.95. Currently, Wendy’s has an average volume of 2.66M.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wendy’s (WEN) Company Description:
The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
Read More on WEN:
