Stock Traders Purchase High Volume of Wendys Call Options (NASDAQ:WEN)

Wendys Co (NASDAQ:WEN) saw some unusual options trading activity on Tuesday. Traders bought 22,468 call options on the company. This is an increase of approximately 1,366% compared to the typical volume of 1,533 call options.

Shares of Wendys (WEN) traded down $0.51 during midday trading on Friday, hitting $15.87. 2,354,759 shares of the stock traded hands, compared to its average volume of 3,510,000. Wendys has a 1-year low of $13.03 and a 1-year high of $17.66. The firm has a market capitalization of $3,730.00, a price-to-earnings ratio of 63.46, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. equities analysts expect that Wendys will post 0.44 EPS for the current fiscal year.

In related news, insider Scott A. Weisberg purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $14.29 per share, with a total value of $142,900.00. Following the completion of the acquisition, the insider now owns 199,014 shares in the company, valued at approximately $2,843,910.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 26.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. WFG Advisors LP grew its holdings in shares of Wendys by 50.2% in the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wendys by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Wendys by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 4,012 shares in the last quarter. Boston Advisors LLC acquired a new position in shares of Wendys in the fourth quarter valued at approximately $199,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Wendys in the fourth quarter valued at approximately $220,000. 76.61% of the stock is currently owned by institutional investors.

WEN has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of Wendys in a report on Friday, December 22nd. SunTrust Banks raised their price target on shares of Wendys to $22.00 in a report on Wednesday, January 3rd. Wedbush raised shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 20th. BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Wendys from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.94.

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About Wendys

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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