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CORRECTION: JP Morgan Maintains Overweight on Restaurant Brands Intl, Lowers Price Target to $78
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- benzinga
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Jefferies Maintains Overweight on Restaurant Brands Intl, Lowers Price Target to $78
What's Wrong With Wendy's Stock?
Wendy's stock has plummeted to near 52-week lows, trading around $6.44, as the fast-food chain faces its sixth consecutive quarter of declining same-store sales (down 7% in Q2 2026) and traffic (down 12.5%). New CEO Bob Wright, who previously led a turnaround at Potbelly's, is expected to unveil a comeback strategy in early November. Consumers cite declining quality, service, and value as reasons for choosing competitors like Burger King, which has seen sales growth.