Wendy’s (WEN) Gets a Hold from RBC Capital
In a report released on June 9, Logan Reich from RBC Capital maintained a Hold rating on Wendy’s, with a price target of $8.00. The company’s shares closed yesterday at $6.71.
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Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Restaurant Brands International, and Wendy’s. According to TipRanks, Reich has an average return of -11.0% and a 45.39% success rate on recommended stocks.
Wendy’s has an analyst consensus of Hold, with a price target consensus of $7.18, representing a 7.00% upside. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $8.00 price target.
Based on Wendy’s’ latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $540.64 million and a net profit of $22.71 million. In comparison, last year the company earned a revenue of $523.47 million and had a net profit of $39.23 million
Read More on WEN:
Disclaimer & DisclosureReport an Issue
- Unusually active option classes on open June 10th
- Analyst Maintains Sell Rating on Wendy’s, Keeps $7 Price Target Unchanged Amid Ongoing Execution and Brand Challenges
- Sara Senatore Maintains Sell on Wendy’s, Citing Slow Turnaround and Limited Upside Despite Raising Price Target to $8
- Wendy’s Names Aaron Kale as New Chief Accounting Officer
- Wendy’s Earnings Call: Turnaround Progress, Tough U.S. Trend
