Wendys Sees Unusually Large Options Volume (WEN)

Wendys Co (NASDAQ:WEN) was the target of some unusual options trading activity on Tuesday. Investors acquired 1,195 put options on the company. This represents an increase of 1,306% compared to the average volume of 85 put options.

Shares of Wendys stock opened at $16.40 on Wednesday. Wendys has a 1 year low of $14.80 and a 1 year high of $18.68. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 3.52. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.21 and a beta of 0.71.

Wendys (NASDAQ:WEN) last issued its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wendys had a net margin of 40.00% and a return on equity of 23.36%. The company had revenue of $400.55 million for the quarter. During the same period in the previous year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, research analysts forecast that Wendys will post 0.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, November 30th. Wendys’s dividend payout ratio is currently 79.07%.

In other news, COO Robert D. Wright sold 28,300 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total value of $503,174.00. Following the sale, the chief operating officer now directly owns 48,467 shares in the company, valued at approximately $861,743.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its holdings in Wendys by 2,200.0% during the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock worth $118,000 after buying an additional 6,600 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Wendys during the third quarter worth about $199,000. Fox Run Management L.L.C. purchased a new stake in Wendys during the third quarter worth about $202,000. Boenning & Scattergood Inc. purchased a new stake in Wendys during the third quarter worth about $218,000. Finally, Oakbrook Investments LLC purchased a new stake in Wendys during the third quarter worth about $222,000. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on WEN shares. Wedbush restated a “buy” rating and issued a $20.00 price objective on shares of Wendys in a report on Wednesday, November 7th. BTIG Research started coverage on shares of Wendys in a research note on Tuesday, September 25th. They set a “buy” rating and a $20.00 price target on the stock. KeyCorp started coverage on shares of Wendys in a research note on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Telsey Advisory Group started coverage on shares of Wendys in a research note on Friday, September 28th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.65.

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Wendys Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products such as chicken breast sandwiches, nuggets, chili, baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kids meals.

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