RBC Capital Sticks to Their Hold Rating for Wendy’s (WEN)

RBC Capital analyst Logan Reich maintained a Hold rating on Wendy’s on March 23 and set a price target of $8.00. The company’s shares closed yesterday at $7.16.

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According to TipRanks, Reich is an analyst with an average return of -14.9% and a 34.11% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Restaurant Brands International, and Dutch Bros Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Wendy’s with a $7.72 average price target, representing a 7.82% upside. In a report released on March 23, TipRanks – Google also reiterated a Hold rating on the stock with a $7.50 price target.

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