6 days ago
RBC Capital Keeps Their Hold Rating on Wendy's (WEN)
In a report released on June 23, Logan Reich from RBC Capital maintained a Hold rating on Wendy's (WEN – Research Report), with a price target of $14.00. The company's shares closed yesterday at $12.38.
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Reich covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Domino's Pizza, and Chipotle. According to TipRanks, Reich has an average return of -10.8% and a 40.00% success rate on recommended stocks.
Wendy's has an analyst consensus of Hold, with a price target consensus of $14.53.
WEN market cap is currently $2.31B and has a P/E ratio of 12.82.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WEN in relation to earlier this year. Last month, Kenneth M. Cook, the CFO of WEN bought 1,500.00 shares for a total of $17,025.00.
