Jefferies cuts target for Wendy's stock from USD 7.50 to USD 6.50

Published on 10/15/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wendy's reported USD 570.57 million revenue in the second quarter. Wendy's stock costs EUR 5.73 on October 15, 2026.

Broker view meets operating pressure

Jefferies cut its Wendy's price target from USD 7.50 to USD 6.50 on October 14, 2026.
U.S. same-restaurant sales fell 7.00 percent in the second quarter of 2026.
Wendy's stock traded at EUR 5.73 at 1:31 p.m. CEST at Lang & Schwarz on October 15, 2026.
The Wendy's Company is scheduled to report third-quarter results on November 5, 2026.

WEN, US95058W1009, Illustration mit AI erstellt.

The Wendy's Company (US95058W1009) was trading at EUR 5.73 at Lang & Schwarz on October 15, 2026 at 1:31 p.m. CEST. Jefferies cut its price target from USD 7.50 to USD 6.50 on October 14, 2026, citing weaker sales trends, possible franchise closures and higher investment needs, as Yahoo Finance reported.

Jefferies sees a longer turnaround

The broker kept a Hold rating while forecasting a 6.80 percent decline in U.S. same-store sales for the third quarter, compared with a 6.50 percent consensus decline. Jefferies also projected third-quarter earnings per share of USD 0.09, below the USD 0.10 consensus, and EBITDA of USD 101.0 million, below USD 103.0 million expectations, according to Yahoo Finance.

Three dates show the reset

On August 7, 2026, Wendy's reported second-quarter revenue of USD 570.57 million and adjusted earnings per share of USD 0.18 against a USD 0.16 consensus estimate, according to MarketBeat. On September 15, 2026, the company paid a quarterly dividend of USD 0.07, down from USD 0.14, while on October 14, 2026, Jefferies lowered its target to USD 6.50 from USD 7.50.

What comes next for Wendy's?

The operating pressure is visible in the second-quarter U.S. same-restaurant sales decline of 7.00 percent, while revenue still rose 1.80 percent from the prior-year quarter, according to MarketBeat. The company operates and franchises more than 7,000 restaurants worldwide, according to its investor-relations page.

Next reporting date

The Wendy's Company is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That release should provide the next quantified test of restaurant traffic, franchise economics and the turnaround spending plan.

Stock remains under pressure

The euro indication places the focus on execution rather than a new operating milestone. Wendy's stock was trading at EUR 5.73 at Lang & Schwarz on October 15, 2026 at 1:31 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Wendy's stock.