Wedbush analyst Nick Setyan downgraded Wendy’s (WEN) to Hold today and set a price target of $17.50. The company’s shares closed yesterday at $16.31.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 5.3% and a 55.9% 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 $19.60 average price target, a 20.2% upside from current levels. In a report issued on January 7, Stifel Nicolaus also downgraded the stock to Hold with a $17 price target.
.
See today’s analyst top recommended stocks >>
Based on Wendy’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $391 million. In comparison, last year the company had a net profit of $159 million.
Based on the recent corporate insider activity of 74 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, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.
