What happened Shares of The Wendy's Company (NASDAQ: WEN) fell on Wednesday, following an analyst downgrade. As of 3 p.m. EDT today, the burger chain's stock price was down more than 12%. So what Stifel (NYSE:SF) analyst Chris O'Cull cut his rating on Wendy's from buy to hold today, a day after the stock surged 26% after it gained the attention of investors in the popular WallStreetBets Reddit Group. Wendy's stock price pulled back sharply on Wednesday. Image source: Getty Images. Although O'Cull is bullish on Wendy's business and ability to achieve its financial targets this year, he believes this growth is now already priced into the fast-food restaurant's shares, following its recent rally. He placed a $25 price forecast on Wendy's stock, which is roughly the level the shares fell to on Wednesday. Now what Wendy's isn't your typical meme stock. Unlike WallStreetBets' favorites AMC Entertainment Holdings and GameStop, Wendy's is not heavily shorted, with less than 5% of its float currently held short. It has also performed relatively well from an operational standpoint in recent years, and its stock has outperformed the S&P 500 for much of the past half-decade. Moreover, analysts expect Wendy's to grow earnings by an impressive 18.5% annually over the next five years. So while its current valuation may no longer be the bargain it was just a few days ago, the company's long-term future remains bright. 10 stocks we like better than WendysWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Wendys wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source