In a report released yesterday, Brian Bittner from Oppenheimer maintained a Hold rating on Wendy’s (WEN). The company’s shares closed last Wednesday at $20.12.
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 12.0% and a 66.8% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Yum China Holdings.
Wendy’s has an analyst consensus of Moderate Buy, with a price target consensus of $24.20, which is a 18.5% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $22.00 price target.
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The company has a one-year high of $24.91 and a one-year low of $6.82. Currently, Wendy’s has an average volume of 2.46M.
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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. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
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