Wendy’s Company (The) (NASDAQ:WEN) insider E.J. Wunsch sold 3,548 shares of Wendy’s Company (The) stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wendy’s Company (NASDAQ:WEN) traded up 1.63% during midday trading on Thursday, hitting $15.63. 2,446,529 shares of the stock traded hands. Wendy’s Company has a 12 month low of $10.51 and a 12 month high of $16.66. The company has a 50-day moving average of $15.10 and a 200-day moving average of $15.11. The stock has a market cap of $3.81 billion, a PE ratio of 40.60 and a beta of 0.99.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The firm had revenue of $320.34 million during the quarter. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. On average, equities research analysts anticipate that Wendy’s Company will post $0.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, August 30th. Wendy’s Company (The)’s payout ratio is 75.68%.

COPYRIGHT VIOLATION WARNING: “E.J. Wunsch Sells 3,548 Shares of Wendy’s Company (The) (WEN) Stock” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/05/e-j-wunsch-sells-3548-shares-of-wendys-company-the-wen-stock.html.

Large investors have recently made changes to their positions in the company. WFG Advisors LP raised its stake in shares of Wendy’s Company (The) by 50.2% in the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 2,344 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wendy’s Company (The) by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 692 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Wendy’s Company (The) by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock worth $144,000 after purchasing an additional 4,012 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Wendy’s Company (The) by 0.5% in the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 51 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Wendy’s Company (The) in the first quarter worth about $178,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.

WEN has been the subject of several recent analyst reports. BidaskClub lowered Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. Zacks Investment Research raised Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, July 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research report on Tuesday, July 25th. Finally, Wedbush reaffirmed a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.89.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

Receive News & Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.