The Wendy's Company Reports Second-Quarter 2016 Results
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Goldman Sachs Removes Wendy's (WEN) from Conviction Buy List
August 11, 2016 8:16 AM EDTGoldman Sachs downgraded Wendy's (NASDAQ: WEN) from Conviction Buy to Buy with a price target of $11.00 (from $12.50). Analyst Karen Holthouse remains bullish on the stock but pointed out limited comp visibility.
"We continue to see a compelling longer-term cash flow story for WEN, with... More
RBC Capital Remains Sidelined on Wendy's (WEN) Following 2Q
August 11, 2016 7:11 AM EDTRBC Capital reiterated a Sector Perform rating and $11.00 price target on Wendy's (NASDAQ: WEN) following the company's 2Q earnings report. While the company expressed confidence that it could deliver positive SSS in 2H, RBC continues to worry about Wendys ability to lap its difficult... More
Wendy's (WEN) Tops Q2 EPS by 1c; Boosts FY16 EPS Outlook Midpoint
August 10, 2016 7:34 AM EDTWendy's (NASDAQ: WEN) reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $382.7 million versus the consensus estimate of $367.67 million.
Same-restaurant sales increased 0.4 percent at North America system restaurants in the second quarter of 2016. On a two-year basis, second-quarter... More
