Wendy’s Company (The) found using ticker (WEN) have now 24 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 29 and 19 and has a mean target at 23.33. With the stocks previous close at 19.14 this would indicate that there is a potential upside of 21.9%. The 50 day moving average now sits at 20.35 and the 200 day MA is 20.77. The market capitalisation for the company is $4,058m. Company Website: https://www.wendys.com
The potential market cap would be $4,947m 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.
