Wedbush analyst Nick Setyan maintained a Hold rating on Wendy’s (WEN) today and set a price target of $20. The company’s shares closed last Monday at $19.42.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 3.9% and a 54.0% 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 $21.34, a 7.8% upside from current levels. In a report issued on September 9, Guggenheim also downgraded the stock to Hold with a $22 price target.
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Wendy’s’ market cap is currently $4.48B and has a P/E ratio of 9.96. The company has a Price to Book ratio of 6.93.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEN in relation to earlier this year.
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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.
