Wendys Co (NASDAQ:WEN) Short Interest Up 11.3% in December

Wendys Co (NASDAQ:WEN) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 13,990,000 shares, a growth of 11.3% from the December 15th total of 12,570,000 shares. Based on an average trading volume of 2,910,000 shares, the short-interest ratio is currently 4.8 days. Approximately 6.6% of the company’s stock are sold short.

In other Wendys news, CAO Leigh A. Burnside sold 13,335 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $20.95, for a total transaction of $279,368.25. Following the completion of the transaction, the chief accounting officer now owns 43,214 shares in the company, valued at approximately $905,333.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd Allan Penegor sold 283,733 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $21.34, for a total transaction of $6,054,862.22. Following the transaction, the chief executive officer now owns 685,029 shares of the company’s stock, valued at approximately $14,618,518.86. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC purchased a new stake in Wendys in the 3rd quarter valued at $113,000. CSat Investment Advisory L.P. purchased a new stake in Wendys in the 2nd quarter valued at $116,000. Toronto Dominion Bank purchased a new stake in Wendys in the 2nd quarter valued at $111,000. Assetmark Inc. purchased a new stake in Wendys in the 2nd quarter valued at $181,000. Finally, Atria Investments LLC purchased a new stake in Wendys in the 2nd quarter valued at $506,000. Hedge funds and other institutional investors own 72.17% of the company’s stock.

WEN stock opened at $21.42 on Wednesday. The company has a fifty day moving average price of $21.87 and a 200 day moving average price of $20.70. Wendys has a 12 month low of $16.17 and a 12 month high of $22.84. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65. The company has a debt-to-equity ratio of 5.62, a current ratio of 2.00 and a quick ratio of 1.99.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Wendys had a net margin of 7.69% and a return on equity of 24.72%. The firm had revenue of $437.88 million during the quarter, compared to the consensus estimate of $434.45 million. During the same quarter in the prior year, the firm earned $0.17 EPS. Wendys’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Wendys will post 0.59 earnings per share for the current year.

Several analysts have recently weighed in on WEN shares. BMO Capital Markets boosted their price objective 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. Royal Bank of Canada started coverage on shares of Wendys in a research report on Monday, December 9th. They set a “sector perform” rating and a $22.00 price objective for the company. Wedbush boosted their price objective on shares of Wendys from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Stifel Nicolaus upgraded shares of Wendys from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $25.00 in a research report on Monday, November 25th. Finally, Stephens set a $24.00 price objective on shares of Wendys and gave the stock a “buy” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Wendys currently has a consensus rating of “Hold” and an average target price of $21.98.

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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