Wendy’s (WEN) Gets a Hold from BMO Capital

BMO Capital analyst Andrew Strelzik maintained a Hold rating on Wendy’s (WENResearch Report) today and set a price target of $22.00. The company’s shares opened today at $23.07.

According to TipRanks, Strelzik is a 4-star analyst with an average return of 7.2% and a 64.22% success rate. Strelzik covers the Services sector, focusing on stocks such as Wendy’s, Yum! Brands, and Brinker International.

In addition to BMO Capital, Wendy’s also received a Hold from Credit Suisse’s Lauren Silberman in a report issued today. However, on the same day, Truist Financial maintained a Buy rating on Wendy’s (NASDAQ: WEN).

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Based on Wendy’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $532.57 million and a net profit of $50.54 million. In comparison, last year the company earned a revenue of $473.2 million and had a net profit of $52.13 million

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The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

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