Traders Buy Large Volume of Call Options on Wendys (WEN)

Wendys Co (NASDAQ:WEN) saw unusually large options trading on Tuesday. Investors bought 22,468 call options on the company. This is an increase of approximately 1,366% compared to the average daily volume of 1,533 call options.

Wendys (NASDAQ WEN) opened at $17.24 on Friday. Wendys has a twelve month low of $13.03 and a twelve month high of $17.66. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. The firm has a market capitalization of $4,160.00, a price-to-earnings ratio of 68.96, a PEG ratio of 2.24 and a beta of 0.93.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Wendys’s payout ratio is presently 112.00%.

WEN has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on Wendys in a report on Monday, October 2nd. They issued a “buy” rating and a $18.00 price objective for the company. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of Wendys in a report on Monday, October 2nd. BidaskClub upgraded Wendys from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Longbow Research upgraded Wendys from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $15.23 to $18.00 in a report on Friday, September 15th. Finally, Nomura decreased their price objective on Wendys from $15.00 to $14.50 and set a “neutral” rating for the company in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.84.

In other Wendys news, insider Scott A. Weisberg purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was bought 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 approximately $2,843,910.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.50% of the company’s stock.

Several large investors have recently modified their holdings of WEN. North Star Investment Management Corp. boosted its position in shares of Wendys by 3.8% during the fourth quarter. North Star Investment Management Corp. now owns 138,320 shares of the restaurant operator’s stock valued at $2,271,000 after buying an additional 5,005 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Wendys by 8.2% during the third quarter. Parametric Portfolio Associates LLC now owns 839,701 shares of the restaurant operator’s stock valued at $13,041,000 after buying an additional 63,788 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Wendys by 2.3% during the third quarter. California Public Employees Retirement System now owns 561,588 shares of the restaurant operator’s stock valued at $8,721,000 after buying an additional 12,537 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Wendys by 729.4% during the third quarter. Cubist Systematic Strategies LLC now owns 113,371 shares of the restaurant operator’s stock valued at $1,761,000 after buying an additional 99,702 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Wendys during the third quarter valued at $926,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.

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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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