Trading volume for Wendy’s Company (The) was 2,480K on Friday. Trading volume was up 0.74% over the stocks average daily volume.
Short traders are more bearish on Wendy’s Company (The) as shown by the uptick in short interest. The company experienced a rise in short interest of 15.36% as of the latest report on August 31, 2017. Short shares grew from 12,408,646 to 14,314,659 over that timeframe. The short-interest ratio increased to 7.0 and the percentage of shorted shares was 0.08% on August 31.
These firms have modified their investment in WEN. Engineers Gate Manager Lp bolstered its holdings by buying 60,061 shares an increase of 24.0% in the quarter. Engineers Gate Manager Lp claims 309,979 shares with a value of $4,808,000. The total value of its holdings increased 41.4%. As of quarter end Janus Capital Management LLC had disposed of a total of 12,973,452 shares trimming its stake by 96.8%. The value of the investment in (WEN) went from $181,284,000 to $5,922,000 decreasing 96.7% quarter to quarter.
As of the end of the quarter Fort Pitt Capital Group, LLC had sold 9,111 shares trimming its holdings by 0.5%. The value of the total investment in Wendy’s Company (The) increased from $26,799,000 to $30,399,000 a change of $3,600,000 quarter over quarter. Cantab Capital Partners Llp expanded its stake by buying 18,122 shares an increase of 116.3%. Cantab Capital Partners Llp currently owns 33,705 shares worth $523,000,000. The value of the position overall is up by 246,598.1%.
On September 15 the company was upgraded to “Buy” from “Buy” and a price target of $18.00 was set in a report issued by Longbow Research.
The company is trading down by 0.73%% since yesterday’s close of 15.15. The company also recently announced a dividend paid on Friday September 15th, 2017. The dividend was $0.070 per share for the quarter or $0.28 on an annualized basis. This dividend represents a yield of $1.83. The ex-dividend date was set for Wednesday the 30th of August 2017.
Shares are trading at $15.04 which is just a bit below $15.12, the 50 day moving average and a tad higher than the 200 day moving average of $14.96. The 50 day moving average was down $-0.08 and the 200 day average was up $0.08.
Wendy’s Company (The) currently has a P/E ratio of 39.06 and the market value is 3.66B. As of the latest earnings report the EPS was $0.38 and is estimated to be $0.47 for the current year with 243,456,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.11 and the next full year EPS is anticipated to be $0.57.
The Wendy’s Company, launched on May 6, 1994, 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 the restaurant company specializing in the hamburger sandwich segment. Wendy’s is involved in the business of operating, developing and franchising a system of restaurants serving food. The Company operates approximately 6,080 Wendy’s restaurants in operation in North America, as of January 1, 2017. Of these restaurants, 330 were operated by the Company and 5,768 by a total of 376 franchisees, as of January 1, 2017. In addition, as of January 1, 2017, there were 439 franchised Wendy’s restaurants in operation in 29 countries and territories other than North America..Advertisement