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 yesterday at $19.58, close to its 52-week high of $20.14.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 3.9% and a 54.1% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Cheesecake Factory.
Currently, the analyst consensus on Wendy’s is a Hold with an average price target of $20.19.
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The company has a one-year high of $20.14 and a one-year low of $14.96. Currently, Wendy’s has an average volume of 2.6M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Robert D. Wright, the EVP & COO of WEN sold 454,793 shares for a total of $8,455,520.
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