Wendy’s Company (The) found using ticker (WEN) now have 26 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 23 with a mean TP of 26.6. Given that the stocks previous close was at 23.6 this is indicating there is a potential upside of 12.7%. The 50 day moving average now sits at 22.56 while the 200 day moving average is 22.73. The company has a market capitalisation of $5,145m. Find out more information at: https://www.wendys.com
The potential market cap would be $5,799m 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 3, 2021, it operated approximately 361 Company-operated restaurants; 5,520 franchised restaurants in the United States; and 947 franchised restaurants internationally. The company also owns and leases real estate properties. It owns 509 and leases 1,245 properties, which are leased or subleased primarily 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.
