E.J. Wunsch Sells 3,694 Shares of Wendys Co (NASDAQ:WEN) Stock

Wendys Co (NASDAQ:WEN) insider E.J. Wunsch sold 3,694 shares of Wendys stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $20.51, for a total transaction of $75,763.94.

NASDAQ WEN traded down $0.58 on Monday, hitting $20.11. 2,938,719 shares of the stock were exchanged, compared to its average volume of 3,275,782. Wendys Co has a 52-week low of $14.96 and a 52-week high of $22.84. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.97 and a quick ratio of 1.96. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 2.43 and a beta of 0.65. The company’s 50-day moving average price is $20.79 and its two-hundred day moving average price is $19.27.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The firm had revenue of $435.30 million for the quarter, compared to analysts’ expectations of $439.64 million. During the same period in the previous year, the company posted $0.14 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts predict that Wendys Co will post 0.58 EPS for the current fiscal year.



The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, August 30th. Wendys’s dividend payout ratio is currently 67.80%.

Several institutional investors have recently bought and sold shares of WEN. Holocene Advisors LP lifted its stake in shares of Wendys by 2,361.6% in the 2nd quarter. Holocene Advisors LP now owns 1,669,013 shares of the restaurant operator’s stock valued at $32,679,000 after purchasing an additional 1,601,211 shares during the last quarter. US Bancorp DE lifted its stake in shares of Wendys by 12.0% in the 2nd quarter. US Bancorp DE now owns 269,381 shares of the restaurant operator’s stock valued at $5,274,000 after purchasing an additional 28,826 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Wendys by 3,181.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 166,328 shares of the restaurant operator’s stock valued at $3,257,000 after purchasing an additional 161,260 shares during the last quarter. Greenleaf Trust acquired a new stake in shares of Wendys in the 2nd quarter valued at $12,300,000. Finally, Menta Capital LLC lifted its stake in shares of Wendys by 21.0% in the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock valued at $1,277,000 after purchasing an additional 11,318 shares during the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.

WEN has been the topic of several recent research reports. Guggenheim lowered shares of Wendys from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Monday, September 9th. ValuEngine lowered shares of Wendys from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI set a $20.00 price target on shares of Wendys and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research lowered shares of Wendys from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price target on shares of Wendys from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Wendys has a consensus rating of “Hold” and an average price target of $21.05.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Insider Buying and Selling by Quarter for Wendys (NASDAQ:WEN)

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