WEN - Wendy's replaces Jack in the Box as top pick at Wedbush

Wedbush Securities adds Wendy's (WEN) to its Best Ideas list to replace Jack in The Box (JACK). Analyst Nick Setyan thinks investor sentiment on Wendy's is too negative and points to the attractive 5.8% free cash flow yield. Setyan and team keep an Outperform rating on JACK while noting a valuation gap with peers that needs to be predicated on execution. Shares of Wendy's are up 0.96% premarket and Jack in the Box is flat. Compare growth and valuation marks on WEN and JACK.

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Wendy's replaces Jack in the Box as top pick at Wedbush