Wedbush analyst Nick Setyan maintained a Hold rating on Wendy’s (WEN) today and set a price target of $20. The company’s shares opened today at $18.71, close to its 52-week high of $19.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.9% and a 58.2% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.
Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $18.83.
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The company has a one-year high of $19 and a one-year low of $14.96. Currently, Wendy’s has an average volume of 3.91M.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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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.
