The Wendy’s Company (DRI) Given $125.68 Consensus Price Target by Analysts

Shares of The Wendy’s Company (NASDAQ:DRI) have been given a consensus broker rating score of 1.82 (Buy) from the twenty two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, seven have assigned a hold recommendation and fourteen have assigned a strong buy recommendation to the company. The Wendy’s’ rating score has improved by 0.5% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a 1-year consensus target price of $125.68 for the company and are expecting that the company will post $1.73 earnings per share for the current quarter, according to Zacks. Zacks has also assigned The Wendy’s an industry rank of 147 out of 256 based on the ratings given to related companies.

A number of analysts recently weighed in on the company. BidaskClub upgraded The Wendy’s from a “sell” rating to a “hold” rating in a report on Friday, May 10th. UBS Group assumed coverage on shares of The Wendy’s in a research report on Friday, April 26th. They set a “buy” rating on the stock.

NASDAQ DRI traded down $0.63 on Monday, reaching $120.13. The company had a trading volume of 1,232,646 shares, compared to its average volume of 1,268,189. The Wendy’s has a fifty-two week low of $86.93 and a fifty-two week high of $125.33.

The Wendy’s (NASDAQ:DRI) last posted its quarterly earnings data on Thursday, March 21st. The company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.05. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion.

The Wendy’s Company Profile

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.

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