The Wendy’s Company (NASDAQ:DRI) has earned an average broker rating score of 2.00 (Buy) from the twenty two brokers that provide coverage for the stock, Zacks Investment Research reports. Eleven research analysts have rated the stock with a hold rating and eleven have issued a strong buy rating 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.
Analysts have set a 12 month consensus price objective of $126.68 for the company and are anticipating that the company will post $1.07 earnings per share 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 its competitors.
Separately, BidaskClub lowered shares of The Wendy’s from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th.
DRI traded down $0.11 during trading hours on Monday, reaching $112.47. 613,400 shares of the stock traded hands, compared to its average volume of 1,280,917. The firm’s fifty day simple moving average is $113.16 and its two-hundred day simple moving average is $119.25. The Wendy’s has a fifty-two week low of $95.83 and a fifty-two week high of $128.41.
The Wendy’s (NASDAQ:DRI) last released its quarterly earnings results on Thursday, September 19th. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates 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.
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