Wedbush Keeps a Hold Rating on Wendy’s (WEN)

By Jason Carr

Wedbush analyst Nick Setyan maintained a Hold rating on Wendy’s (WENResearch Report) today and set a price target of $17.50. The company’s shares closed on Friday at $17.74.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.3% and a 55.8% 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.

Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $18.90.

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Based on Wendy’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $391 million. In comparison, last year the company had a net profit of $159 million.

Based on the recent corporate insider activity of 74 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, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.