Wendys Co (NASDAQ:WEN) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 9,652 call options on the company. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.
In other news, insider Scott A. Weisberg bought 10,000 shares of Wendys stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the purchase, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider E.J. Wunsch sold 3,548 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of WEN. Janus Henderson Group PLC purchased a new stake in shares of Wendys during the second quarter worth about $189,448,000. Castleark Management LLC purchased a new stake in shares of Wendys during the second quarter worth about $14,085,000. Renaissance Technologies LLC grew its holdings in shares of Wendys by 208.7% during the second quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock worth $18,744,000 after buying an additional 817,040 shares in the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Wendys by 1,466.4% during the second quarter. Marshall Wace North America L.P. now owns 803,766 shares of the restaurant operator’s stock worth $12,860,000 after buying an additional 752,454 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Wendys during the second quarter worth about $11,560,000. Institutional investors and hedge funds own 76.42% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of Wendys in a research note on Monday, October 2nd. Bank of America reiterated a “neutral” rating and issued a $17.00 price objective on shares of Wendys in a research note on Monday, August 14th. Finally, Stifel Nicolaus began coverage on shares of Wendys in a research note on Monday, October 2nd. They issued a “buy” rating and a $18.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.21.
Wendys (NASDAQ:WEN) traded up $0.53 during trading hours on Monday, reaching $15.35. 5,180,581 shares of the company’s stock traded hands, compared to its average volume of 2,926,533. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78. Wendys has a 52-week low of $12.65 and a 52-week high of $16.66. The stock has a market cap of $3,589.35, a P/E ratio of 36.15, a P/E/G ratio of 2.61 and a beta of 0.93.
Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 4.63% and a return on equity of 12.04%. The business had revenue of $308.00 million for the quarter. During the same period in the prior year, the business earned $0.11 EPS. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. sell-side analysts predict that Wendys will post 0.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.82%. Wendys’s dividend payout ratio (DPR) is presently 112.00%.
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Wendys 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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