Wendys Co (WEN) Short Interest Up 16.3% in October

Wendys Co (NASDAQ:WEN) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 23,771,161 shares, an increase of 16.3% from the September 28th total of 20,444,473 shares. Based on an average trading volume of 3,090,027 shares, the short-interest ratio is presently 7.7 days. Approximately 10.9% of the shares of the company are short sold.

A number of research firms recently weighed in on WEN. Gordon Haskett initiated coverage on shares of Wendys in a report on Thursday, October 18th. They issued a “buy” rating and a $20.00 price objective on the stock. BidaskClub lowered shares of Wendys from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Wendys from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, October 13th. Mizuho set a $21.00 target price on shares of Wendys and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley increased their target price on shares of Wendys from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, August 17th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Wendys has a consensus rating of “Buy” and an average target price of $18.93.

Several large investors have recently bought and sold shares of WEN. Toronto Dominion Bank acquired a new position in shares of Wendys in the second quarter worth about $112,000. Itau Unibanco Holding S.A. acquired a new position in shares of Wendys in the second quarter worth about $152,000. United Capital Financial Advisers LLC acquired a new position in shares of Wendys in the first quarter worth about $184,000. Fox Run Management L.L.C. acquired a new position in shares of Wendys in the third quarter worth about $202,000. Finally, Private Advisor Group LLC acquired a new position in shares of Wendys in the second quarter worth about $213,000. Institutional investors own 77.82% of the company’s stock.



NASDAQ:WEN opened at $16.85 on Friday. Wendys has a twelve month low of $13.57 and a twelve month high of $18.68. The company has a debt-to-equity ratio of 6.44, a current ratio of 1.71 and a quick ratio of 1.70. The stock has a market cap of $4.04 billion, a PE ratio of 37.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.58.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Wendys had a net margin of 15.87% and a return on equity of 23.08%. The business had revenue of $411.00 million for the quarter. During the same period last year, the business posted $0.15 EPS. Equities research analysts expect that Wendys will post 0.56 earnings per share for the current year.

About Wendys

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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