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Wendy’s (WEN) Receives a Hold from RBC Capital

Tipranks - Tipranks - Thu Jun 25, 8:52PM CDT

RBC Capital analyst Logan Reich maintained a Hold rating on Wendy’s on June 23 and set a price target of $7.00. The company’s shares closed yesterday at $6.26.

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Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Dutch Bros Inc, and Domino’s Pizza. According to TipRanks, Reich has an average return of -7.3% and a 49.36% success rate on recommended stocks.

In addition to RBC Capital, Wendy’s also received a Hold from BMO Capital’s Andrew Strelzik in a report issued on June 10. However, on the same day, Morgan Stanley maintained a Sell rating on Wendy’s (NASDAQ: WEN).

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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

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