Wendys Co (NASDAQ:WEN) Short Interest Update

Wendys Co (NASDAQ:WEN) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 23,744,047 shares, a decline of 7.8% from the November 30th total of 25,765,463 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average daily volume of 3,693,857 shares, the short-interest ratio is presently 6.4 days.

A number of analysts have issued reports on WEN shares. SunTrust Banks boosted their price objective on shares of Wendys to $22.00 in a report on Wednesday, January 3rd. TheStreet raised shares of Wendys from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Stifel Nicolaus assumed coverage on shares of Wendys in a report on Monday, October 2nd. They set a “buy” rating and a $18.00 price target for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $16.00 price target on shares of Wendys in a report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Wendys from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.84.

In related news, insider Scott A. Weisberg purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the purchase, the insider now owns 199,014 shares in the company, valued at $2,843,910.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Wendys by 0.3% during the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after acquiring an additional 41,702 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Wendys in the second quarter valued at $189,448,000. Wells Fargo & Company MN lifted its stake in shares of Wendys by 4.3% in the third quarter. Wells Fargo & Company MN now owns 7,960,038 shares of the restaurant operator’s stock valued at $123,620,000 after buying an additional 329,659 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Wendys by 11.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,095,403 shares of the restaurant operator’s stock valued at $32,500,000 after buying an additional 207,563 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Wendys by 92.4% in the third quarter. Canada Pension Plan Investment Board now owns 1,434,000 shares of the restaurant operator’s stock valued at $22,270,000 after buying an additional 688,700 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wendys (NASDAQ WEN) opened at $17.25 on Friday. Wendys has a 12-month low of $13.03 and a 12-month high of $17.66. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.78 and a current ratio of 1.80. The firm has a market cap of $4,180.00, a price-to-earnings ratio of 69.00, a PEG ratio of 1.98 and a beta of 0.93.

Wendys (NASDAQ:WEN) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $308.00 million for the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. research analysts anticipate that Wendys will post 0.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, November 30th. Wendys’s dividend payout ratio is presently 112.00%.

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Wendys 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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