Wendy’s Company (The) (NASDAQ:WEN) insider Scott A. Weisberg purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $14.29 per share, with a total value of $142,900.00. Following the purchase, the insider now owns 199,014 shares in the company, valued at $2,843,910.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wendy’s Company (WEN) traded down $0.16 on Tuesday, reaching $14.34. The company had a trading volume of 8,863,100 shares, compared to its average volume of 2,856,055. Wendy’s Company has a 12-month low of $11.45 and a 12-month high of $16.66. The firm has a market capitalization of $3,511.85, a PE ratio of 35.37, a PEG ratio of 2.55 and a beta of 0.94. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 5.83.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Wendy’s Company (The) had a net margin of 5.20% and a return on equity of 20.35%. The business had revenue of $308.00 million during the quarter. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s revenue was down 15.4% compared to the same quarter last year. equities analysts predict that Wendy’s Company will post 0.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, November 30th. Wendy’s Company (The)’s dividend payout ratio is presently 112.00%.

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Several research firms have commented on WEN. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, July 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $16.00 price objective on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. Wedbush reiterated a “hold” rating on shares of Wendy’s Company (The) in a research note on Wednesday, August 9th. UBS AG reiterated a “sell” rating and set a $13.00 price objective (up from $12.00) on shares of Wendy’s Company (The) in a research note on Thursday, August 10th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Wendy’s Company (The) presently has a consensus rating of “Hold” and a consensus target price of $15.97.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WFG Advisors LP lifted its holdings in Wendy’s Company (The) by 50.2% in the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 2,344 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Wendy’s Company (The) by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares during the period. Riverhead Capital Management LLC raised its position in Wendy’s Company (The) by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 4,012 shares during the period. Sigma Planning Corp raised its position in Wendy’s Company (The) by 0.5% in the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 51 shares during the period. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Wendy’s Company (The) in the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

About Wendy’s Company (The)

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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