Wendy’s (WEN) Stock: $22 Price Target And Buy Rating

By Amit Chowdhry ● May 13, 2022
  • The shares of Wendy’s (NASDAQ: WEN) have received a $22 price target from Gordon Haskett. These are the details.

The shares of Wendy’s (NASDAQ: WEN) have received a $22 price target from Gordon Haskett. And Gordon Haskett analyst Jeff Farmer is maintaining a “Buy” rating on the shares.

Farmer adjusted the rating following the company’s first-quarter results. Wendy’s reported a Q1 EPS of $0.17, which was $0.02 lower than analyst estimates of $0.19. And the revenue for the quarter was $488.6 million compared to the consensus estimate of $492.33 million. In terms of guidance, Wendy’s expects an FY2022 EPS of between $0.82-$0.86, compared to the consensus of $0.87.

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