Wendys Company (The) (WEN) Receives ‘Analyst’ Rating

Wendys Company (The) (WEN) : 4 brokerage houses believe that Wendys Company (The) (WEN) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wendys Company (The) (WEN). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.54.

Wendys Company (The) (WEN) : 8 Wall Street analysts covering Wendys Company (The) (WEN) believe that the average level the stock could reach for the short term is $11.19. The maximum price target given is $13 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.41.

Wendys

Also, Brokerage firm Goldman Sachs maintains its rating on Wendys Company (The) (NASDAQ:WEN). As per the latest information, the brokerage house lowers the price target to $11 per share from a prior target of $12.5. The shares have been rated Buy. The rating by the firm was issued on August 11, 2016.

Wendys Company (The) (NASDAQ:WEN): After opening at $10.33, the stock dipped to an intraday low of $10.32 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.89 and the buying power remained strong till the end. The stock closed at $10.81 for the day, a gain of 4.24% for the day session. The total traded volume was 5,695,751. The stocks close on the previous trading day was $10.37.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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