Wendy’s Sees Unusually High Options Volume (WEN)

Wendy’s Company (The) (NASDAQ:WEN) was the target of some unusual options trading on Tuesday. Stock traders purchased 2,469 put options on the company. This is an increase of approximately 1,093% compared to the average volume of 207 put options.

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Wendy’s from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 9th. Longbow Research raised Wendy’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.23 to $18.00 in a research report on Friday, September 15th. Nomura decreased their target price on Wendy’s from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Zacks Investment Research cut Wendy’s from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, TheStreet cut Wendy’s from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.21.

In other Wendy’s news, insider E.J. Wunsch sold 3,548 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott A. Weisberg purchased 10,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $14.29 per share, with a total value of $142,900.00. Following the completion of the purchase, the insider now directly owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The disclosure for this purchase can be found here. Insiders own 26.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. WFG Advisors LP boosted its position in shares of Wendy’s by 50.2% during the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock worth $109,000 after acquiring an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wendy’s by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after buying an additional 692 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Wendy’s by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock worth $144,000 after buying an additional 4,012 shares during the last quarter. Sigma Planning Corp raised its stake in Wendy’s by 0.5% during the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after buying an additional 51 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Wendy’s during the second quarter worth $219,000. Institutional investors own 76.43% of the company’s stock.

Wendy’s (NASDAQ WEN) opened at $14.89 on Friday. Wendy’s has a fifty-two week low of $12.40 and a fifty-two week high of $16.66. The stock has a market cap of $3,434.35, a price-to-earnings ratio of 34.58, a PEG ratio of 2.50 and a beta of 0.94. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). Wendy’s had a net margin of 5.20% and a return on equity of 20.35%. The firm had revenue of $308.00 million during the quarter. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. sell-side analysts expect that Wendy’s will post 0.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.88%. Wendy’s’s dividend payout ratio is 112.00%.

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Wendy’s Company Profile

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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