In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Wendy’s (NASDAQ: WEN), with a price target of $20. The company’s shares opened today at $18.03, close to its 52-week high of $18.59.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 8.9% and a 68.6% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wendy’s with a $20 average price target.
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The company has a one-year high of $18.59 and a one-year low of $13.57. Currently, Wendy’s has an average volume of 2.95M.
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.
