Broker recommendations for The Wendy’s Co.
The The Wendy’s Co. stock is rated at 1.516129 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Monday 3 August, 2020 by a total of 31 brokers. This means that the consensus of the 31 different brokers is leaning toward to overweight (moderate buy).
1 (3.23%) Underweight
0 (0%) Hold
14 (45.16%) Overweight
0 (0%) Buy
Price target by analysts
The 26 latest analyst estimates, per Monday 3 August, 2020, show the following high, low and average price targets.
Target Average: 23.37 USD
Target High: 28 USD
Target Low: 14 USD
Bored Of Reheated Pasta? Benzinga’s Top Foods To Order Or Cook Has You Covered
Sunday, 10 May 2020, 22:30:22
Restaurants are slowly opening at limited capacity across America, but most consumers are still dependent on takeaway options or cook their own food at home. For many, these options have become stale and boring but it doesn’t have to be that way. Each week, Benzinga compiles a list of new and exciting take-out options or for the more adventurous, informative videos to bring out your best inner chef. Breakfast: Free Baconator Lovers of Wendys Co’s (NASDAQ: WEN ) iconic Baconator burger sandwich will be happy to learn the fast-food chain is offering a free Breakfast Baconator. The only catch is consumers need to make a regular breakfast purchase through the mobile app. But hurry, the offer is valid across all restaurants for a limited time. Brunch: ‘Breakfast Munchies’ YouTube personality and restaurateur Sam Zein cooks up three “brunchies” or “breakfast munchies” items in a video. While ideal for a weekend brunch to kick-start a day with the family, brunch can be enjoyed any day and time of the week.
— Benzinga Feeds
Tuesday, 31 March 2020, 20:20:19
Wendys Co (NASDAQ: WEN ) appears to be mostly insulated from coronavirus-induced headwinds and is well positioned to grow once the pandemic is resolved, according to Wedbush. The Wendys Analyst Nick Setyan upgraded Wendys from Neutral to Outperform with a price target lifted from $22 to $21. The Wendys Thesis Wendys’ provided a business update on March 26 which suggests it can “navigate through” the coronavirus “relatively unscathed,” Setyan wrote in the note. Specifically, through March 22, global same-store sales growth was trending at 2.8% in the first quarter, including a 20% decline in the U.S. for the last week. Same-store sales growth was trending 4% … Full story available on Benzinga.com
— Benzinga Feeds
Why Is Wendy’s (WEN) Down 30.5% Since Last Earnings Report?
Friday, 27 March 2020, 16:31:03
Wendy’s (WEN) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
— Zacks Investment Research
Tuesday, 17 March 2020, 21:09:41
U.S. President Donald Trump held a conference call Tuesday with restaurant executives to discuss financial support for the industry. An unnamed industry executive said during the conference call the government should take action to support small business owners financially, according to CNBC. The executive said a cash infusion is needed to not only keep employees on the payroll but resume growing once the coronavirus pandemic stabilizes. A source with knowledge of the call told CNBC that Trump responded: “I think you’re really going to like what we’re doing.” Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter . A Wendys Co (NASDAQ: WEN ) spokeswoman told CNBC the company is “grateful that the White House sought our collective industry experience.” Similarly, a statement from Domino’s … Full story available on Benzinga.com
— Benzinga Feeds
Some of Wendy’s restaurants are shutting down its dining rooms
Tuesday, 17 March 2020, 11:36:33
Wendy’s (WEN) is closing dining rooms in its corporate-owned restaurants and is encouraging its franchisees to do the same.