Meme Stock or Not, Analysts See Upside for Wendy’s Shares

Barrons2021-06-15

Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the stock—one that doesn’t involve Reddit comments. Wendy’s stock (ticker: WEN) was up 1.5% to $24.50 ...

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Comments

Hayleywills
2021-06-16
Hayleywills
Memememem
SoonT
2021-06-15
SoonT
Nice
TCL
2021-06-15
TCL
hi
Elasticfam
2021-06-15
Elasticfam
lol
带你飞往冥王星
2021-06-15
带你飞往冥王星
Wow
- TCL:
  hi
JFK
2021-06-15
JFK
Woww.

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Now analysts are making a case for the stock—one that doesn’t involve Reddit comments.\nWendy’s stock (ticker: WEN) was up 1.5% to $24.50 ...</p>\n\n<a href=\"https://www.barrons.com/articles/meme-stock-or-not-analysts-see-upside-for-wendys-shares-51623690202?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WEN","symbol_name":"温蒂汉堡","start_time":0,"source_url":"https://www.barrons.com/articles/meme-stock-or-not-analysts-see-upside-for-wendys-shares-51623690202?mod=RTA","article_id":"1107804845","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107804845","pubTimestamp":1623715305,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WEN":"温蒂汉堡"},"translate_title":"无论是否是Meme股票，分析师都认为Wendy的股票有上涨空间","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEN":0.9},"content_text":"Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the stock—one that doesn’t involve Reddit comments.\nWendy’s stock (ticker: WEN) was up 1.5% to $24.50 on Monday. Shares soared to a close of $28.87 last Tuesday, but pulled back through the tail end of the week. In between, speculation swirled that the company was caught in a broader market fascination with meme stocks.\nPiper Sandler analyst Nicole Miller Regan wrote in a note on Sunday that she’s seeing increasing momentum for Wendy’s. The analyst estimates May same-store-sales growth in the mid teens, pointing to menu innovation efforts and its app and related loyalty program.\n“The company is continuing to drive awareness and usage of the new breakfast daypart, drive digital sales, and capture an increasing percentage of sales as consumer mobility rebounds via new product news and strong store-level operational execution,” the analyst wrote.\nThe note did not reference meme stock speculation. Unlike more popular meme stocks GameStop(GME) and AMC Entertainment(AMC), Wendy’s does not have an excessive short interest. It also was solidly liked by Wall Street analysts. 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