Wendys Co (NASDAQ:WEN) insider Abigail E. Pringle sold 8,897 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total transaction of $154,362.95. Following the sale, the insider now owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
WEN traded down $0.24 during trading on Thursday, hitting $16.45. The company had a trading volume of 4,276,420 shares, compared to its average volume of 3,592,018. The stock has a market capitalization of $3.96 billion, a PE ratio of 27.88, a P/E/G ratio of 1.37 and a beta of 0.80. The company has a debt-to-equity ratio of 4.25, a current ratio of 2.34 and a quick ratio of 2.51. Wendys Co has a 1-year low of $14.96 and a 1-year high of $18.68.
Wendys (NASDAQ:WEN) last issued its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The company had revenue of $397.82 million for the quarter, compared to analysts’ expectations of $399.89 million. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities research analysts forecast that Wendys Co will post 0.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Wendys’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, February 28th. Wendys’s dividend payout ratio is 57.63%.
Several large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Wendys by 3.1% in the 4th quarter. BlackRock Inc. now owns 16,707,749 shares of the restaurant operator’s stock worth $260,806,000 after acquiring an additional 496,357 shares during the period. Vanguard Group Inc increased its holdings in shares of Wendys by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after acquiring an additional 220,643 shares during the period. Vanguard Group Inc. increased its holdings in shares of Wendys by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after acquiring an additional 220,643 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Wendys by 0.4% in the 3rd quarter. Wells Fargo & Company MN now owns 9,875,077 shares of the restaurant operator’s stock worth $169,259,000 after acquiring an additional 37,221 shares during the period. Finally, Norges Bank acquired a new stake in shares of Wendys in the 4th quarter worth about $56,554,000. 75.62% of the stock is currently owned by institutional investors.
Several research firms have issued reports on WEN. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Wedbush restated a “hold” rating and issued a $17.50 target price on shares of Wendys in a research note on Monday, February 11th. Zacks Investment Research restated a “hold” rating on shares of Wendys in a research note on Saturday, November 17th. ValuEngine upgraded shares of Wendys from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Finally, Mizuho set a $20.00 target price on shares of Wendys and gave the company a “buy” rating in a research note on Thursday, November 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.87.
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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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