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Mizuho Securities Sticks to Their Sell Rating for Wendy’s (WEN)

Tipranks - Fri Apr 3, 5:38AM CDT

Mizuho Securities analyst Nick Setyan maintained a Sell rating on Wendy’s today and set a price target of $7.00.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Setyan is a 5-star analyst with an average return of 10.6% and a 52.97% success rate. Setyan covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Jack In The Box, and Cheesecake Factory.

Currently, the analyst consensus on Wendy’s is a Hold with an average price target of $7.72.

Based on Wendy’s’ latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $542.97 million and a net profit of $26.48 million. In comparison, last year the company earned a revenue of $574.27 million and had a net profit of $47.5 million

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