Wendys Co (WEN) Short Interest Update

Wendys Co (NASDAQ:WEN) saw a significant growth in short interest during the month of September. As of September 14th, there was short interest totalling 19,511,307 shares, a growth of 10.0% from the August 31st total of 17,741,392 shares. Currently, 8.9% of the shares of the stock are short sold. Based on an average daily volume of 4,383,610 shares, the short-interest ratio is currently 4.5 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank purchased a new stake in shares of Wendys during the second quarter valued at $112,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Wendys during the second quarter valued at $152,000. United Capital Financial Advisers LLC purchased a new stake in shares of Wendys during the first quarter valued at $184,000. Private Advisor Group LLC purchased a new stake in shares of Wendys during the second quarter valued at $213,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Wendys during the second quarter valued at $215,000. 80.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. BidaskClub raised shares of Wendys from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. BTIG Research assumed coverage on shares of Wendys in a research note on Tuesday. They set a “buy” rating and a $20.00 price objective for the company. Citigroup lifted their price objective on shares of Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. Mizuho set a $21.00 price objective on shares of Wendys and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, Argus lifted their price objective on shares of Wendys from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Wendys currently has an average rating of “Hold” and a consensus price target of $18.81.

Shares of WEN opened at $17.56 on Thursday. The firm has a market cap of $4.07 billion, a PE ratio of 41.07, a P/E/G ratio of 1.43 and a beta of 0.62. Wendys has a 12-month low of $13.57 and a 12-month high of $18.68. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 6.44.

Wendys (NASDAQ:WEN) last issued its earnings results on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The company had revenue of $411.00 million for the quarter. Wendys had a net margin of 15.87% and a return on equity of 23.08%. During the same period in the prior year, the company earned $0.15 earnings per share. analysts predict that Wendys will post 0.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, August 31st. Wendys’s dividend payout ratio is currently 79.07%.

Wendys Company Profile

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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