Wendy’s Company (The) with ticker code (WEN) now have 27 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 29 and 19 with a mean TP of 24.91. With the stocks previous close at 22.17 this indicates there is a potential upside of 12.4%. There is a 50 day moving average of 22.35 and the 200 day moving average is 20.28. The market capitalisation for the company is $4,789m. You can visit the company’s website by visiting: https://www.wendys.com
The potential market cap would be $5,381m based on the market concensus.
The Wendy’s Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of January 2, 2022, it operated approximately 403 company-operated restaurants; 5,535 franchised restaurants in the United States; and 1,006 franchised restaurants internationally. The company also owns and leases real estate properties. It owns 485 and leases 1,235 properties, which are leased or subleased to franchisees. The company was formerly known as Wendy’s/Arby’s Group and changed its name to The Wendy’s Company in July 2011. The Wendy’s Company was founded in 1969 and is headquartered in Dublin, Ohio.
