Wendy’s Company (The) (WEN) Short Interest Up 15.4% in August

Wendy’s Company (The) (NASDAQ:WEN) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 14,314,659 shares, a growth of 15.4% from the August 15th total of 12,408,646 shares. Based on an average trading volume of 2,056,308 shares, the short-interest ratio is presently 7.0 days. Currently, 6.3% of the company’s stock are sold short.

A number of brokerages have issued reports on WEN. Vetr lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 price target on the stock. in a research note on Wednesday, May 24th. Barclays PLC upped their price target on shares of Wendy’s Company (The) from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, May 31st. Sanford C. Bernstein restated a “market perform” rating and set a $16.00 price target on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, July 20th. Finally, BidaskClub upgraded shares of Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.77.

Wendy’s Company (NASDAQ:WEN) opened at 15.59 on Tuesday. The firm’s 50-day moving average is $15.12 and its 200 day moving average is $14.95. The stock has a market capitalization of $3.80 billion, a P/E ratio of 40.49 and a beta of 1.00. Wendy’s Company has a 12-month low of $10.47 and a 12-month high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The business had revenue of $320.34 million for the quarter. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. Equities analysts expect that Wendy’s Company will post $0.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.07 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.80%. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

Institutional investors have recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its position in shares of Wendy’s Company (The) by 50.2% in the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock worth $109,000 after buying an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Wendy’s Company (The) by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after buying an additional 692 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Wendy’s Company (The) by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock worth $144,000 after buying an additional 4,012 shares in the last quarter. Finally, Elkfork Partners LLC boosted its position in shares of Wendy’s Company (The) by 1.3% in the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.

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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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