The stock of Wendys Co (NASDAQ:WEN) hit a new 52-week high and has $16.11 target or 34.00% above today’s $12.02 share price. The 9 months bullish chart indicates low risk for the $3.15 billion company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $16.11 price target is reached, the company will be worth $1.07 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 504,052 shares traded hands. Wendys Co (NASDAQ:WEN) has risen 10.05% since April 14, 2016 and is uptrending. It has outperformed by 5.36% the S&P500.
Wendys Co (NASDAQ:WEN) Ratings Coverage
Out of 12 analysts covering Wendy’s (NASDAQ:WEN), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Wendys Co (NASDAQ:WEN) has “Buy” rating given on Friday, September 11 by Guggenheim. Longbow initiated the shares of WEN in a report on Friday, March 18 with “Buy” rating. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, August 27. The firm earned “Market Perform” rating on Thursday, May 26 by Bernstein. Goldman Sachs maintained Wendys Co (NASDAQ:WEN) rating on Thursday, August 11. Goldman Sachs has “Buy” rating and $11 price target. The firm has “Buy” rating by Nomura given on Monday, January 4. The stock of Wendys Co (NASDAQ:WEN) has “Outperform” rating given on Monday, November 2 by RBC Capital Markets. The stock of Wendys Co (NASDAQ:WEN) earned “Buy” rating by Vetr on Wednesday, August 19. The company was upgraded on Thursday, November 19 by Goldman Sachs. The firm has “Buy” rating by SunTrust given on Thursday, October 8.
According to Zacks Investment Research, “The Wendy’s Company is the world’s third-largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.”
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.18, from 1.1 in 2016Q1. The ratio increased, as 26 funds sold all Wendys Co shares owned while 66 reduced positions. 27 funds bought stakes while 91 increased positions. They now own 205.85 million shares or 1.97% more from 201.87 million shares in 2016Q1.
Moreover, Retail Bank Of America Corporation De has 0% invested in Wendys Co (NASDAQ:WEN) for 665,104 shares. Tfs Cap Ltd Liability Corporation holds 36,980 shares or 0.07% of its portfolio. Prudential Finance Inc accumulated 0% or 134,591 shares. Pinnacle Associates holds 0% of its portfolio in Wendys Co (NASDAQ:WEN) for 11,625 shares. Tiaa Cref Inv Mgmt Lc accumulated 769,876 shares or 0.01% of the stock. Hsbc Public Limited Company accumulated 0% or 89,635 shares. Cap Advisors Ltd Ltd has 0% invested in the company for 251 shares. Anandar Capital Mgmt L P, a New York-based fund reported 200,000 shares. Aperio Group Lc last reported 0% of its portfolio in the stock. Diam has 0.05% invested in the company for 349,950 shares. Quantitative Investment Mngmt Limited Liability Company accumulated 0.03% or 76,700 shares. The Massachusetts-based Babson Mngmt Limited Liability Company has invested 0.03% in Wendys Co (NASDAQ:WEN). Piedmont Advsrs Limited Liability Corp holds 0% or 112 shares in its portfolio. Rmb Capital Mgmt Ltd Co has 10,792 shares for 0.01% of their US portfolio. The Ohio-based Johnson Invest Counsel has invested 0% in Wendys Co (NASDAQ:WEN).
Another recent and important Wendys Co (NASDAQ:WEN) news was published by Investorplace.com which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016.
WEN Company Profile
The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.
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