Wendys Co (NASDAQ:WEN) COO Robert D. Wright sold 126,629 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $18.74, for a total transaction of $2,373,027.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert D. Wright also recently made the following trade(s):

  • On Monday, May 13th, Robert D. Wright sold 109,110 shares of Wendys stock. The stock was sold at an average price of $18.58, for a total transaction of $2,027,263.80.

NASDAQ WEN traded down $0.13 during trading on Tuesday, reaching $18.50. 2,073,412 shares of the stock traded hands, compared to its average volume of 3,619,700. The company has a debt-to-equity ratio of 5.80, a quick ratio of 2.33 and a current ratio of 2.05. Wendys Co has a fifty-two week low of $14.96 and a fifty-two week high of $19.45. The stock has a market cap of $4.34 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.29 and a beta of 0.77.

Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The firm had revenue of $408.60 million for the quarter, compared to analyst estimates of $398.58 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts predict that Wendys Co will post 0.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, May 31st. Wendys’s payout ratio is currently 67.80%.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Wendys by 3.1% in the fourth quarter. BlackRock Inc. now owns 16,707,749 shares of the restaurant operator’s stock worth $260,806,000 after purchasing an additional 496,357 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Wendys by 1.3% in the third quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock valued at $284,498,000 after acquiring an additional 220,643 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Wendys by 3.4% in the first quarter. Wells Fargo & Company MN now owns 9,736,670 shares of the restaurant operator’s stock valued at $174,188,000 after acquiring an additional 317,252 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Wendys by 1.8% in the first quarter. Janus Henderson Group PLC now owns 5,419,827 shares of the restaurant operator’s stock valued at $96,961,000 after acquiring an additional 98,309 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Wendys in the fourth quarter valued at about $56,554,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on WEN. Bank of America set a $20.00 target price on shares of Wendys and gave the stock a “hold” rating in a research report on Friday. Cowen started coverage on shares of Wendys in a research note on Wednesday, April 10th. They set an “outperform” rating and a $21.00 price target on the stock. Mizuho lowered shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Wednesday, March 20th. Stephens increased their price target on shares of Wendys to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, BMO Capital Markets increased their price target on shares of Wendys from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.42.

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About Wendys

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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