Wendys Company (The) (WEN) has an average broker rating of 2.57, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Wendys Company (The) (WEN) : 9 investment research analysts covering Wendys Company (The) (WEN) have an average price target of $11.28 for the near short term. The highest target price given by the Brokerage Firm to the stock is $13 and the lowest target is $9 for the short term. Analysts expect the variance to be within $1.35 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Wendys Company (The) (NASDAQ:WEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.90 and $9.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.94, notching a gain of 0.30% for the day. The total traded volume was 5,092,651 . The stock had closed at $9.91 on the previous day.
In a related news, Penegor Todd Allan, CFO of Wendys Co, executed a transaction worth $104,800 on May 13, 2016. A total of 10,000 shares were purchased at an average price of $10.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.