Zacks: Analysts Set $124.85 Price Target for The Wendy’s Company (NASDAQ:DRI)

Shares of The Wendy’s Company (NASDAQ:DRI) have received an average broker rating score of 1.96 (Buy) from the twenty three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, nine have assigned a hold rating and thirteen have given a strong buy rating to the company. The Wendy’s’ rating score has declined by 7.7% in the last three months 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 EPS for the current quarter, according to Zacks. Zacks has also given The Wendy’s an industry rank of 93 out of 256 based on the ratings given to related companies.

Several research analysts have recently weighed in on DRI shares. UBS Group reiterated a “hold” rating and set a $7.80 price target on shares of Deutsche Bank in a research note on Friday, April 26th. BidaskClub upgraded shares of Acceleron Pharma from a “strong sell” rating to a “sell” rating in a research note on Friday, May 10th.

Shares of DRI traded up $0.34 on Friday, hitting $124.41. 999,035 shares of the stock traded hands, compared to its average volume of 1,322,379. The firm has a 50 day simple moving average of $121.03. The Wendy’s has a one year low of $95.83 and a one year high of $125.99.

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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