Wendy’s Company (The) found using ticker (WEN) have now 26 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 23 calculating the average target price we see 26.63. Now with the previous closing price of 22.17 this now indicates there is a potential upside of 20.1%. The 50 day MA is 22.6 and the 200 day MA is 22.77. The market capitalisation for the company is $4,989m. Company Website: https://www.wendys.com
The potential market cap would be $5,992m 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.
