RBC Capital analyst Christopher Carril maintained a Hold rating on Wendy’s (WEN – Research Report) yesterday and set a price target of $20.00. The company’s shares closed yesterday at $19.92.
Carril covers the Consumer Cyclical sector, focusing on stocks such as Wendy’s, Life Time Group Holdings, and Domino’s Pizza. According to TipRanks, Carril has an average return of 12.6% and a 62.23% success rate on recommended stocks.
In addition to RBC Capital, Wendy’s also received a Hold from Wedbush’s Nick Setyan in a report issued today. However, on April 22, Bank of America Securities maintained a Sell rating on Wendy’s (NASDAQ: WEN).
Based on Wendy’s’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $540.65 million and a net profit of $46.94 million. In comparison, last year the company earned a revenue of $536.51 million and had a net profit of $41.28 million
Based on the recent corporate insider activity of 65 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.
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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.
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