Wendys Co (NASDAQ:WEN) shares fell 10.2% on Tuesday . The stock traded as low as $19.09 and last traded at $19.71, 16,990,145 shares changed hands during trading. An increase of 426% from the average session volume of 3,228,983 shares. The stock had previously closed at $21.95.

A number of equities analysts recently issued reports on the company. BTIG Research lowered Wendys from a “buy” rating to a “neutral” rating in a report on Tuesday. Wells Fargo & Co upped their price target on Wendys from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Tuesday. ValuEngine downgraded Wendys from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI set a $20.00 price target on Wendys and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Guggenheim lowered shares of Wendys from a “buy” rating to a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.53.

The stock has a fifty day moving average of $20.23 and a two-hundred day moving average of $18.92. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.66. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67.

Wendys (NASDAQ:WEN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The company had revenue of $435.30 million during the quarter, compared to the consensus estimate of $439.64 million. During the same quarter last year, the company earned $0.14 earnings per share. Wendys’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Wendys Co will post 0.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.03%. Wendys’s dividend payout ratio (DPR) is presently 67.80%.

In related news, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction dated 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 owns 5,444,270 shares of the company’s stock, valued at approximately $108,722,071.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.90, for a total transaction of $9,452,500.00. Following the completion of the transaction, the insider now directly owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Greenleaf Trust acquired a new position in shares of Wendys in the second quarter valued at approximately $12,300,000. Menta Capital LLC grew its stake in shares of Wendys by 21.0% during the 2nd quarter. Menta Capital LLC now owns 65,200 shares of the restaurant operator’s stock valued at $1,277,000 after buying an additional 11,318 shares during the period. Foundry Partners LLC purchased a new stake in shares of Wendys during the 2nd quarter valued at $2,017,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Wendys during the 1st quarter worth $58,000. Finally, Chesapeake Wealth Management increased its holdings in shares of Wendys by 34.5% during the 2nd quarter. Chesapeake Wealth Management now owns 67,962 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 17,448 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.

Wendys Company Profile (NASDAQ:WEN)

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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