Wendys Co (NASDAQ:WEN) Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the transaction, the director now directly owns 5,444,270 shares of the company’s stock, valued at $108,722,071.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of WEN stock traded up $0.16 during trading hours on Friday, hitting $19.95. 4,505,596 shares of the company’s stock were exchanged, compared to its average volume of 3,189,181. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67. The firm has a market cap of $4.53 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.18 and a beta of 0.72. The firm has a 50 day moving average of $19.20 and a two-hundred day moving average of $18.44. Wendys Co has a fifty-two week low of $14.96 and a fifty-two week high of $20.30.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $435.30 million during the quarter, compared to the consensus estimate of $439.64 million. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, equities analysts forecast that Wendys Co will post 0.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, August 30th. Wendys’s payout ratio is 67.80%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Coastal Capital Group Inc. purchased a new stake in shares of Wendys during the second quarter worth approximately $30,000. Coastal Investment Advisors Inc. increased its position in shares of Wendys by 116.6% during the second quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 978 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Wendys by 65.2% during the second quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 849 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Wendys during the first quarter worth approximately $58,000. Finally, Carroll Financial Associates Inc. increased its position in shares of Wendys by 226.6% during the second quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 2,658 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

WEN has been the subject of a number of analyst reports. Stephens boosted their price target on Wendys to $22.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Zacks Investment Research raised Wendys from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, June 15th. Bank of America set a $20.00 price target on Wendys and gave the company a “hold” rating in a report on Friday, May 10th. Piper Jaffray Companies initiated coverage on Wendys in a report on Monday, May 13th. They issued an “overweight” rating and a $22.00 price target for the company. Finally, Evercore ISI set a $20.00 price target on Wendys and gave the company a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.18.

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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