Wendy’s Company (The) (NASDAQ:WEN) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 17,850,744 shares, a growth of 10.8% from the October 13th total of 16,105,813 shares. Currently, 7.9% of the company’s shares are short sold. Based on an average daily volume of 2,189,243 shares, the days-to-cover ratio is currently 8.2 days.

Shares of Wendy’s Company (WEN) opened at $14.34 on Tuesday. Wendy’s Company has a 12 month low of $11.45 and a 12 month high of $16.66. The company has a market capitalization of $3,511.85, a price-to-earnings 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 earnings results 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 return on equity of 20.35% and a net margin of 5.20%. The company had revenue of $308.00 million during the quarter. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s revenue was down 15.4% on a year-over-year basis. equities research analysts anticipate that Wendy’s Company will post 0.44 EPS for the current year.

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

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

In other Wendy’s Company (The) news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.50% of the company’s stock.

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

TRADEMARK VIOLATION WARNING: “Wendy’s Company (The) (WEN) Sees Significant Increase in Short Interest” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/wendys-company-the-wen-sees-significant-increase-in-short-interest/1701373.html.

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.

Receive News & Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.