Wendys Co (NASDAQ:WEN) was the recipient of unusually large options trading on Tuesday. Stock investors bought 9,853 call options on the stock. This is an increase of 110% compared to the typical volume of 4,691 call options.
In related news, insider Abigail E. Pringle sold 20,319 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $20.93, for a total transaction of $425,276.67. Following the transaction, the insider now directly owns 136,307 shares of the company’s stock, valued at approximately $2,852,905.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leigh A. Burnside sold 71,118 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $20.30, for a total value of $1,443,695.40. Following the transaction, the chief accounting officer now directly owns 79,888 shares in the company, valued at $1,621,726.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,661 shares of company stock valued at $11,816,556. 20.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of WEN. Bank of Montreal Can boosted its position in shares of Wendys by 23.7% in the 4th quarter. Bank of Montreal Can now owns 104,520 shares of the restaurant operator’s stock worth $2,321,000 after purchasing an additional 20,059 shares in the last quarter. KBC Group NV lifted its position in Wendys by 41.1% in the 4th quarter. KBC Group NV now owns 134,913 shares of the restaurant operator’s stock valued at $2,996,000 after acquiring an additional 39,272 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Wendys by 23.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,664 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 3,796 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Wendys in the 4th quarter valued at approximately $1,164,000. Finally, Great West Life Assurance Co. Can bought a new position in Wendys in the 4th quarter valued at approximately $2,020,000. 67.68% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on WEN. ValuEngine cut Wendys from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Northcoast Research lowered Wendys from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Oppenheimer initiated coverage on Wendys in a report on Wednesday, June 17th. They issued a “buy” rating and a $26.00 target price on the stock. Wells Fargo & Co decreased their price target on Wendys from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Finally, MKM Partners raised their target price on Wendys from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.09.
Shares of WEN stock traded up $0.09 during midday trading on Tuesday, reaching $21.75. 51,230 shares of the stock were exchanged, compared to its average volume of 2,935,465. Wendys has a 1 year low of $6.82 and a 1 year high of $24.04. The company’s 50 day moving average is $21.45 and its two-hundred day moving average is $20.09. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 8.01. The firm has a market cap of $4.82 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 5.77 and a beta of 1.23.
Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Wendys had a return on equity of 22.37% and a net margin of 7.01%. The firm had revenue of $404.96 million for the quarter, compared to analysts’ expectations of $413.02 million. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that Wendys will post 0.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.05 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. Wendys’s dividend payout ratio is currently 33.90%.
Wendys Company Profile
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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