#6 - Wendy’s (NASDAQ:WEN)
Wendy’s (NASDAQ:WEN) is a recent entry into the Reddit stock mania and I have no idea why the company has drawn this kind of interest. But the goal of this presentation is not to explain why a stock is a meme stock, but if it has a chance to be more.
Wendy’s does, because it already has. In the last five years, WEN stock is up over 135%.
The pandemic came at an inopportune moment for Wendy’s as the company was just beginning to get its breakfast menu seeded into consumers’ minds. With the marketing spend that promoted its breakfast menu earlier in 2021, it’s clear that Wendy’s sees this as critical to its near-term growth.
As the economy reopens, the company will likely see a return to pre-pandemic revenue. Nevertheless, the stock had done virtually nothing this year before being driven higher by the Reddit crowd. That doesn’t mean they’re wrong. But you may want to wait for Wendy’s to prove it to you before taking a bite on WEN stock.
About Wendy's
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
Read More - Current Price
- $17.98
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $20.36 (13.2% Upside)
