Gunther Plosch Sells 142,039 Shares of The Wendy’s Company (NASDAQ:WEN) Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 28th. This is a positive change from The Wendy’s’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The Wendy’s’s dividend payout ratio (DPR) is currently 70.18%.

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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