Wall Street's Most Accurate Analysts Hold These 3 Consumer Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three high-yield dividend stocks in the consumer discretionary sector: Cracker Barrel Old Country Store, Inc. (CBRL), The Wendy's Company (WEN), and Best Buy Co., Inc. (BBY). These updates include changes in price targets and ratings, reflecting recent financial results and management changes.
February 08, 2024 | 1:27 pm
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NEGATIVE IMPACT
Cracker Barrel has a dividend yield of 6.66%, with mixed analyst ratings and adjustments in price targets following worse-than-expected Q1 financial results.
The adjustments in price targets and the recent worse-than-expected financial results suggest a potential short-term negative impact on CBRL's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The Wendy's Company has a dividend yield of 5.29%, with recent management changes and analyst ratings adjustments, including a downgrade and a price target cut.
The downgrade and price target cut, combined with the recent appointment of a new President and CEO, could lead to short-term uncertainty and potential negative impact on WEN's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Best Buy Co., Inc. has a dividend yield of 4.88%, with analyst ratings maintaining a neutral stance but adjusting price targets following better-than-expected Q3 earnings.
The positive Q3 earnings report and subsequent adjustments in price targets by analysts suggest a potential short-term positive impact on BBY's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90