Oppenheimer Sticks to Its Hold Rating for Wendy’s (WEN)

Oppenheimer analyst Brian Bittner maintained a Hold rating on Wendy’s (WENResearch Report) today. The company’s shares closed last Wednesday at $22.48.

According to TipRanks.com, Bittner is a 5-star analyst with an average return of 12.3% and a 68.5% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Cheesecake Factory.

Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $25.00, implying a 3.9% 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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The company has a one-year high of $24.91 and a one-year low of $18.86. Currently, Wendy’s has an average volume of 3.02M.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.