The Wendy’s Company (NASDAQ:WEN) CFO Gunther Plosch sold 142,039 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $27.29, for a total value of $3,876,244.31. Following the completion of the transaction, the chief financial officer now directly owns 115,281 shares in the company, valued at $3,146,018.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ:WEN traded down $0.79 during trading on Thursday, reaching $24.42. 11,441,343 shares of the company’s stock traded hands, compared to its average volume of 4,190,396. The Wendy’s Company has a fifty-two week low of $18.86 and a fifty-two week high of $29.46. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 5.20. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.27 and a beta of 0.95. The stock has a 50-day simple moving average of $22.74.
The Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, May 12th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $460.20 million for the quarter, compared to analyst estimates of $443.02 million. The Wendy’s had a net margin of 8.09% and a return on equity of 29.74%. The Wendy’s’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. As a group, research analysts predict that The Wendy’s Company will post 0.73 earnings per share for the current fiscal year.
WEN has been the topic of several research reports. TheStreet raised The Wendy’s from a “c+” rating to a “b” rating in a research report on Friday, May 7th. JPMorgan Chase & Co. upped their target price on The Wendy’s from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, April 12th. They noted that the move was a valuation call. Argus raised The Wendy’s from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, May 20th. Northcoast Research downgraded The Wendy’s from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, Stifel Nicolaus downgraded The Wendy’s from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.84.
A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in The Wendy’s by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 623,573 shares of the restaurant operator’s stock valued at $12,633,000 after buying an additional 81,284 shares in the last quarter. Plaisance Capital LLC purchased a new position in The Wendy’s in the 1st quarter valued at about $810,000. Millennium Management LLC lifted its stake in The Wendy’s by 75.4% in the 1st quarter. Millennium Management LLC now owns 2,200,779 shares of the restaurant operator’s stock valued at $44,588,000 after buying an additional 946,263 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in The Wendy’s by 39.0% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 3,267,634 shares of the restaurant operator’s stock valued at $66,203,000 after buying an additional 916,364 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in The Wendy’s in the 1st quarter valued at about $238,000. 72.33% of the stock is currently owned by hedge funds and other institutional investors.
The Wendy’s Company Profile
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
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