Wendy’s Company (The) with ticker code (WEN) now have 24 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 29 and 19 with a mean TP of 23.33. Given that the stocks previous close was at 21.33 this is indicating there is a potential upside of 9.4%. The day 50 moving average is 19.9 and the 200 moving average now moves to 21.02. The company has a market capitalisation of $4,531m. Company Website: https://www.wendys.com
The potential market cap would be $4,956m 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.
