The Wendy’s Company (NASDAQ:DRI) Given $126.68 Average Target Price by Analysts

The Wendy’s Company (NASDAQ:DRI) has been given a consensus broker rating score of 2.00 (Buy) from the twenty two analysts that cover the company, Zacks Investment Research reports. Eleven analysts have rated the stock with a hold recommendation and eleven have issued a strong buy recommendation on the company. The Wendy’s’ rating score has improved by 2% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1 year consensus target price of $126.68 for the company and are anticipating that the company will post $1.07 EPS for the current quarter, according to Zacks. Zacks has also given The Wendy’s an industry rank of 79 out of 255 based on the ratings given to related companies.

Separately, BidaskClub cut The Wendy’s from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th.

Shares of The Wendy’s stock traded down $0.11 on Monday, reaching $112.47. 613,400 shares of the company’s stock were exchanged, compared to its average volume of 1,280,917. The Wendy’s has a 52 week low of $95.83 and a 52 week high of $128.41. The firm’s 50-day moving average is $113.16 and its two-hundred day moving average is $119.25.

The Wendy’s (NASDAQ:DRI) last posted its quarterly earnings results on Thursday, September 19th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion.

About The Wendy’s

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

Further Reading: How to find the components of the quick ratio

Get a free copy of the Zacks research report on The Wendy’s (DRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Wendy's and related companies with MarketBeat.com's FREE daily email newsletter.