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Longbow upgraded The Wendy's Company (NDAQ:WEN) from Neutral to Buy in a statement released earlier today.

Boasting a price of $15.72, The Wendy's Company (NDAQ:WEN) traded 2.63% higher on the day. With the last stock price close up 4.85% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. The Wendy's Company has recorded a 50-day average of $15.12 and a two hundred day average of $14.91. Volume of trade was up over the average, with 2,861,801 shares of WEN changing hands over the typical 2,711,170

Longbow has upgraded The Wendy's Company (NDAQ:WEN) from Neutral to Buy in a statement released on Friday September 15, 2017.

Performance Chart

The Wendy's Company (NDAQ:WEN)

With a total market value of $0, The Wendy's Company has price-earnings ratio of 40.60 with a 52 week low of $10.47 and a 52 week high of $16.66 .

In addition to Longbow reporting its stock price target, a total of 17 brokers have issued a report on the company. The average stock price target is $11.65 with 4 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 10 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About The Wendy's Company (NDAQ:WEN)

The Wendy's Company is the parent company of subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's Restaurants is the parent company 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 a restaurant company specializing in the hamburger sandwich segment. Wendy's is engaged in the business of operating, developing and franchising a system of restaurants serving food. The Company operated approximately 6,080 Wendy's restaurants in operation in North America, as of January 1, 2017. Of these restaurants, 330 were operated by the Company and 5,768 by a total of 376 franchisees, as of January 1, 2017. In addition, as of January 1, 2017, there were 439 franchised Wendy's restaurants in operation in 29 countries and territories other than North America. Wendy's is also a partner in a restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc.

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