LULU now has a lower P/E than WEN

LULU P/E currently is 8.65 while WEN P/E is 8.65. Also, a ton of analysts downgraded their ratings for LULU following their earnings results on Thursday and they also lowered their price targets. Prior to earnings most ‘respectable’ analysts had a PT of roughly $170 and now their PT is roughly $115. Prior to earnings the stock traded for $125 and it now trades for $115. In other words, it used to have like 50 % upside and now has 0 % upside. The company just moved past a heavy proxy battle with founder Chip Wilson (who was granted two board seats in a standstill agreement) alongside an upcoming CEO transition. It's essentially trading like a mature, legacy retail stock rather than a disruptive growth machine.