Wendy’s Company (The) (NASDAQ:WEN) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 17,850,744 shares, a growth of 10.8% from the October 13th total of 16,105,813 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average daily volume of 2,189,243 shares, the days-to-cover ratio is presently 8.2 days.

Several research firms recently commented on WEN. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a report on Friday, August 11th. Bank of America Corporation reaffirmed a “neutral” rating and set a $17.00 target price on shares of Wendy’s Company (The) in a report on Monday, August 14th. Stifel Nicolaus began coverage on shares of Wendy’s Company (The) in a report on Monday, October 2nd. They set a “buy” rating and a $18.00 target price on the stock. BidaskClub raised shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, Longbow Research raised shares of Wendy’s Company (The) from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.23 to $18.00 in a report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.97.

In related news, insider Scott A. Weisberg acquired 10,000 shares of the stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the transaction, the insider now owns 199,014 shares in the company, valued at approximately $2,843,910.06. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider E.J. Wunsch sold 3,548 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. Company insiders own 26.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP boosted its stake in shares of Wendy’s Company (The) by 24.0% during the 2nd quarter. Engineers Gate Manager LP now owns 309,979 shares of the restaurant operator’s stock valued at $4,808,000 after purchasing an additional 60,061 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Wendy’s Company (The) by 11,068.4% during the 1st quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after purchasing an additional 15,253,200 shares in the last quarter. Morgan Stanley boosted its stake in shares of Wendy’s Company (The) by 75.4% during the 1st quarter. Morgan Stanley now owns 860,013 shares of the restaurant operator’s stock valued at $11,705,000 after purchasing an additional 369,666 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Wendy’s Company (The) by 3.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 626,854 shares of the restaurant operator’s stock valued at $9,723,000 after purchasing an additional 20,402 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Wendy’s Company (The) by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock valued at $1,252,000 after purchasing an additional 600 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wendy’s Company (WEN) opened at $14.26 on Thursday. The firm has a market cap of $3,473.10, a PE ratio of 34.98, a PEG ratio of 2.52 and a beta of 0.94. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.78 and a current ratio of 1.80. Wendy’s Company has a 52 week low of $11.94 and a 52 week high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $308.00 million for the quarter. Wendy’s Company (The) had a net margin of 5.20% and a return on equity of 20.35%. The company’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. sell-side analysts forecast that Wendy’s Company will post 0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, November 30th. Wendy’s Company (The)’s payout ratio is 112.00%.

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Wendy’s Company (The) Company Profile

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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