Wendys Co (NASDAQ:WEN) has been downgraded to Neutral in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: November 28, 2016
Goldman Sachs Group Inc. has downgraded Wendys Co (NASDAQ:WEN) to Neutral in a statement released on 11/28/2016.
Boasting a price of $13.02, Wendys Co (NASDAQ:WEN) traded -0.08% lower on the day. With the last close up 24.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Wendys Co has recorded a 50-day average of $11.26 and a two hundred day average of $10.40. Volume of trade was down over the average, with 2,640,448 shares of WEN changing hands under the typical 3,857,720
With a total market value of $0, Wendys Co has price-earnings ratio of 18.87 with a one year low of $8.89 and a one year high of $13.16 .
A total of 17 analysts have released a research note on WEN. Four analysts rating the company a strong buy, eight analysts rating the company a buy, ten analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $11.65.
More About Wendys Co (NASDAQ:WEN)
The Wendy's Company is the parent company of its 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 the 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 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. Wendy's is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc., a restaurant company that owns the Tim Hortons brand.
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