Wendy’s Company (The) (NASDAQ:WEN) insider Scott A. Weisberg bought 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, with a total value of $142,900.00. Following the completion of the transaction, the insider now directly owns 199,014 shares in the company, valued at approximately $2,843,910.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Wendy’s Company (NASDAQ:WEN) opened at $14.18 on Friday. The company has a market capitalization of $3,453.73, a price-to-earnings ratio of 34.78, a PEG ratio of 2.51 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 $12.06 and a 52 week high of $16.66.
Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm 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 revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. analysts forecast that Wendy’s Company will post 0.44 EPS for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.97%. Wendy’s Company (The)’s dividend payout ratio is currently 112.00%.
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WEN has been the subject of a number of analyst reports. Longbow Research upgraded Wendy’s Company (The) from a “neutral” rating to a “buy” rating and raised their price target for the stock from $15.23 to $18.00 in a research report on Friday, September 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research report on Tuesday, July 25th. UBS AG restated a “sell” rating and issued a $13.00 price target (up from $12.00) on shares of Wendy’s Company (The) in a research report on Thursday, August 10th. BMO Capital Markets lowered their price target on Wendy’s Company (The) from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Finally, Stifel Nicolaus initiated coverage on Wendy’s Company (The) in a research report on Monday, October 2nd. They issued a “buy” rating and a $18.00 price target for the company. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.97.
Several institutional investors have recently made changes to their positions in WEN. BlackRock Inc. increased its stake in shares of Wendy’s Company (The) by 11,068.4% during the first quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after buying an additional 15,253,200 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Wendy’s Company (The) during the second quarter valued at $189,448,000. Castleark Management LLC purchased a new position in shares of Wendy’s Company (The) during the second quarter valued at $14,085,000. Renaissance Technologies LLC increased its stake in shares of Wendy’s Company (The) by 208.7% during the second quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock valued at $18,744,000 after buying an additional 817,040 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in shares of Wendy’s Company (The) by 1,466.4% during the second quarter. Marshall Wace North America L.P. now owns 803,766 shares of the restaurant operator’s stock valued at $12,860,000 after buying an additional 752,454 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.
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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