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In a report released yesterday, Jeff Bernstein from Barclays maintained a Buy rating on Wendy’s (NASDAQ: WEN), with a price target of $21. The company’s shares closed yesterday at $18.30, close to its 52-week high of $18.59.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.6% and a 69.1% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, BJ’s Restaurants, and McDonald’s Corp.
Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $20.75, a 13.4% upside from current levels. In a report issued on August 9, Wedbush also maintained a Buy rating on the stock with a $20 price target.
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Wendy’s’ market cap is currently $4.36B and has a P/E ratio of 20.33. The company has a Price to Book ratio of 10.12.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WEN in relation to earlier this year. Most recently, in June 2018, Peter May, a Director at WEN bought 12,000 shares for a total of $62,720.
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.
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, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.
