Barclays Sticks to Its Buy Rating for Wendy’s (WEN)


Barclays analyst Jeff Bernstein maintained a Buy rating on Wendy’s (WEN) yesterday and set a price target of $21. The company’s shares opened today at $19.22, close to its 52-week high of $19.45.

According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.3% and a 72.3% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.

Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $20.28, implying a 5.5% upside from current levels. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $22 price target.

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Wendy’s’ market cap is currently $4.44B and has a P/E ratio of 10.23. The company has a Price to Book ratio of 6.85.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.

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, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals.

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