In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Wendy’s (WEN – Research Report). The company’s shares closed last Monday at $22.28, close to its 52-week high of $24.04.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 16.8% and a 68.2% success rate. Feinseth covers the Technology sector, focusing on stocks such as Akamai, Garmin, and Nvidia.
Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $22.43.
Wendy’s’ market cap is currently $4.99B and has a P/E ratio of 43.90. The company has a Price to Book ratio of -3.24.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.