Wendys Co (WEN) Short Interest Update

Wendys Co (NASDAQ:WEN) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 13,034,824 shares, a decline of 34.5% from the October 31st total of 19,913,632 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average trading volume of 6,519,193 shares, the short-interest ratio is presently 2.0 days.

NASDAQ WEN opened at $18.06 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 1.48 and a beta of 0.53. Wendys has a one year low of $14.24 and a one year high of $18.68.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $400.55 million for the quarter. Wendys had a net margin of 40.00% and a return on equity of 23.36%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities analysts anticipate that Wendys will post 0.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.34 dividend on an annualized basis and a yield of 1.88%. Wendys’s dividend payout ratio is presently 79.07%.

WEN has been the subject of a number of research reports. BTIG Research initiated coverage on shares of Wendys in a research report on Tuesday, September 25th. They issued a “buy” rating and a $20.00 price target for the company. KeyCorp initiated coverage on shares of Wendys in a research report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. BidaskClub raised shares of Wendys from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Zacks Investment Research cut shares of Wendys from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Wedbush reissued a “buy” rating and issued a $20.00 price target on shares of Wendys in a research report on Wednesday, November 7th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.56.

In related news, COO Robert D. Wright sold 28,300 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total value of $503,174.00. Following the completion of the sale, the chief operating officer now directly owns 48,467 shares of the company’s stock, valued at $861,743.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 23.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Wendys by 1.3% during the third quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after buying an additional 220,643 shares during the period. Morgan Stanley grew its position in Wendys by 4.2% during the third quarter. Morgan Stanley now owns 430,335 shares of the restaurant operator’s stock worth $7,376,000 after buying an additional 17,161 shares during the period. Legal & General Group Plc grew its position in Wendys by 6.2% during the third quarter. Legal & General Group Plc now owns 253,339 shares of the restaurant operator’s stock worth $4,343,000 after buying an additional 14,835 shares during the period. Nordea Investment Management AB grew its position in Wendys by 35.9% during the third quarter. Nordea Investment Management AB now owns 260,855 shares of the restaurant operator’s stock worth $4,470,000 after buying an additional 68,873 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in Wendys by 129.0% during the third quarter. TIAA CREF Investment Management LLC now owns 499,728 shares of the restaurant operator’s stock worth $8,565,000 after buying an additional 281,468 shares during the period. Institutional investors own 76.46% of the company’s stock.

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Wendys Company Profile

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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