Wendy’s Co. (NASDAQ:WEN) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 36,132,562 shares, a growth of 20.8% from the August 15th total of 29,915,347 shares. Based on an average trading volume of 3,436,698 shares, the short-interest ratio is presently 10.5 days. Approximately 14.8% of the shares of the stock are short sold.

A number of hedge funds have recently made changes to their positions in WEN. Commonwealth Equity Services Inc boosted its stake in shares of Wendy’s by 0.5% in the second quarter. Commonwealth Equity Services Inc now owns 53,006 shares of the company’s stock valued at $510,000 after buying an additional 278 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Wendy’s by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 20,940 shares of the company’s stock valued at $201,000 after buying an additional 385 shares during the last quarter. IBM Retirement Fund boosted its stake in shares of Wendy’s by 3.1% in the second quarter. IBM Retirement Fund now owns 21,175 shares of the company’s stock valued at $204,000 after buying an additional 645 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Wendy’s by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 61,433 shares of the company’s stock valued at $591,000 after buying an additional 755 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Wendy’s by 8.9% in the second quarter. Stephens Inc. AR now owns 12,525 shares of the company’s stock valued at $120,000 after buying an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.

A number of analysts have recently issued reports on the stock. RBC Capital Markets downgraded shares of Wendy’s from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $12.00 to $11.00 in a report on Tuesday, August 2nd. Sanford C. Bernstein started coverage on shares of Wendy’s in a research note on Thursday, May 26th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Wendy’s from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Royal Bank Of Canada downgraded shares of Wendy’s from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $12.00 to $11.00 in a research note on Tuesday, August 2nd. Finally, Vetr downgraded shares of Wendy’s from a “strong-buy” rating to a “buy” rating and set a $11.21 price target for the company. in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.69.

Wendy’s (NASDAQ:WEN) opened at 10.59 on Wednesday. Wendy’s has a 12 month low of $8.43 and a 12 month high of $11.38. The stock has a market cap of $2.77 billion, a PE ratio of 20.40 and a beta of 0.83. The company’s 50 day moving average is $10.14 and its 200 day moving average is $10.24.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $366.92 million. Wendy’s had a net margin of 8.59% and a return on equity of 15.94%. The business’s quarterly revenue was down 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts anticipate that Wendy’s will post $0.40 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, August 30th. Wendy’s’s payout ratio is currently 45.28%.

Wendy’s Company Profile

The Wendy’s Company is the parent company of its 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 the restaurant company specializing in the hamburger sandwich segment.

5 Day Chart for NASDAQ:WEN

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