BTIG Maintains Their Hold Rating on Wendy’s (WEN)

BTIG analyst Peter Saleh maintained a Hold rating on Wendy’s (WENResearch Report) yesterday. The company’s shares closed last Wednesday at $22.48.

According to, Saleh is a 5-star analyst with an average return of 22.5% and a 70.8% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, Texas Roadhouse, and Kura Sushi USA.

Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $25.04, a 4.0% upside from current levels. In a report issued on May 6, Wells Fargo also maintained a Hold rating on the stock with a $23.00 price target.

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Wendy’s’ market cap is currently $4.99B and has a P/E ratio of 44.70. The company has a Price to Book ratio of -3.55.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WEN in relation to earlier this year.

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The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.