Wendy’s (WEN) Gets a Hold Rating from Credit Suisse

In a report released today, Lauren Silberman from Credit Suisse maintained a Hold rating on Wendy’s (WEN), with a price target of $24.00. The company’s shares closed last Thursday at $22.23, close to its 52-week high of $24.04.

According to TipRanks.com, Silberman is a 4-star analyst with an average return of 8.5% and a 56.7% success rate. Silberman covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Performance Food Group.

Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $23.95, which is a 5.9% upside from current levels. In a report issued on August 3, MKM Partners also maintained a Hold rating on the stock with a $23.00 price target.

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Based on Wendy’s’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $405 million and net profit of $14.44 million. In comparison, last year the company earned revenue of $409 million and had a net profit of $31.89 million.

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.

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, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

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