Wendys (NYSE: WEN) had its price target raised by Telsey Advisory Group from $5.00 to $6.00 in a report released on Friday morning.
Wendys traded up 1.28% on Friday, hitting $5.52. Wendys has a 1-year low of $4.09 and a 1-year high of $5.81. The stock’s 50-day moving average is currently $5.12. The company has a market cap of $2.159 billion and a price-to-earnings ratio of 681.25.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, February 27th.
A number of other analysts have also recently weighed in on WEN. Analysts at Credit Suisse downgraded shares of Wendys from a neutral rating to an underperform rating in a research note to investors on Friday. They now have a $5.00 price target on the stock. Analysts at Zacks reiterated a neutral rating on shares of Wendys in a research note to investors on Monday, December 3rd. They now have a $5.00 price target on the stock.
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