Wendy’s Company (The) (NASDAQ:WEN) was the recipient of a large growth in short interest in the month of September. As of September 29th, there was short interest totalling 15,262,875 shares, a growth of 12.2% from the September 15th total of 13,599,522 shares. Based on an average daily trading volume, of 2,695,319 shares, the short-interest ratio is currently 5.7 days. Currently, 6.8% of the company’s stock are sold short.

A number of research firms have recently issued reports on WEN. Sanford C. Bernstein reiterated a “market perform” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub upgraded shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Monday, September 18th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $18.00 price objective on shares of Wendy’s Company (The) in a report on Monday, October 2nd. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $17.00 price objective on shares of Wendy’s Company (The) in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.05.

In other news, insider E.J. Wunsch sold 3,548 shares of Wendy’s Company (The) stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total value of $54,745.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. WFG Advisors LP increased its position in shares of Wendy’s Company (The) by 50.2% during the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 2,344 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wendy’s Company (The) by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Wendy’s Company (The) by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 4,012 shares during the last quarter. Sigma Planning Corp increased its position in shares of Wendy’s Company (The) by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 51 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wendy’s Company (The) during the 1st quarter valued at $178,000. 76.50% of the stock is owned by hedge funds and other institutional investors.

Wendy’s Company (WEN) opened at 15.62 on Thursday. The company has a 50 day moving average of $15.16 and a 200 day moving average of $15.19. The company has a market capitalization of $3.80 billion, a PE ratio of 40.57 and a beta of 0.99. Wendy’s Company has a 1-year low of $10.51 and a 1-year high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. On average, analysts predict that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.07 per share. 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 dividend payout ratio is presently 75.68%.

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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.

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