Price Target Update on Wendys Company (The) (NASDAQ:WEN)

Wendys Company (The) (NASDAQ:WEN) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $9. The average forecast of all the analysts is $11.28 and the expected standard deviation is $1.35.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Bernstein assumes its outlook on Wendys Company (The) (NASDAQ:WEN). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on May 26, 2016.

Wendys Company (The) (NASDAQ:WEN): stock turned positive on Thursday. Though the stock opened at $9.89, the bulls momentum made the stock top out at $9.97 level for the day. The stock recorded a low of $9.86 and closed the trading day at $9.89, in the green by 0.82%. The total traded volume for the day was 2,157,124. The stock had closed at $9.81 in the previous days trading.

The company shares have dropped -14.17% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $11.47 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $10.31 and the 200 Day Moving Average price is recorded at $10.30. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Wendys Co, Penegor Todd Allan, had purchased 10,000 shares in a transaction dated on May 13, 2016. The transaction was executed at $10.48 per share with total amount equaling $104,800.

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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