Zacks: The Wendy’s Company (NASDAQ:DRI) Given Average Recommendation of “Buy” by Analysts

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Shares of The Wendy’s Company (NASDAQ:DRI) have been assigned a consensus broker rating score of 1.96 (Buy) from the twenty three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, nine have given a hold rating and thirteen have issued a strong buy rating on the company. The Wendy’s’ rating score has declined by 7.7% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a 1-year consensus price target of $124.85 for the company and are expecting that the company will post $1.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned The Wendy’s an industry rank of 93 out of 256 based on the ratings given to its competitors.

Several equities research analysts have issued reports on DRI shares. UBS Group restated a “hold” rating and issued a $7.80 price target on shares of Deutsche Bank in a report on Friday, April 26th. BidaskClub upgraded Acceleron Pharma from a “strong sell” rating to a “sell” rating in a report on Friday, May 10th.

Shares of The Wendy’s stock traded up $0.34 during trading hours on Friday, hitting $124.41. The company’s stock had a trading volume of 999,035 shares, compared to its average volume of 1,322,379. The Wendy’s has a 12 month low of $95.83 and a 12 month high of $125.99. The stock has a 50 day simple moving average of $121.03.

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.

Further Reading: Dividend Yield

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