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

Shares of The Wendy’s Company (NASDAQ:DRI) have received an average broker rating score of 1.86 (Buy) from the twenty one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, seven have given a hold recommendation and thirteen have given a strong buy recommendation to the company. The Wendy’s’ rating score has declined by 1.6% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price target of $125.68 for the company and are forecasting that the company will post $1.73 EPS for the current quarter, according to Zacks. Zacks has also given The Wendy’s an industry rank of 108 out of 256 based on the ratings given to related companies.

A number of brokerages have issued reports on DRI. BidaskClub upgraded shares of The Wendy’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. UBS Group started coverage on shares of The Wendy’s in a report on Friday, April 26th. They set a “buy” rating for the company.

Shares of NASDAQ:DRI traded down $1.40 on Friday, reaching $117.63. 65,430 shares of the company’s stock were exchanged, compared to its average volume of 1,276,926. The Wendy’s has a twelve month low of $91.34 and a twelve month high of $125.33.

The Wendy’s (NASDAQ:DRI) last announced its earnings results on Thursday, March 21st. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.05. The business had revenue of $2.25 billion for 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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