Wendys Co (NASDAQ:WEN) Short Interest Down 12.1% in January

Share on StockTwits

Wendys Co (NASDAQ:WEN) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 12,300,000 shares, a decrease of 12.1% from the January 15th total of 13,990,000 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,526,900 shares, the days-to-cover ratio is currently 4.9 days.

WEN stock opened at $22.91 on Friday. Wendys has a 52-week low of $16.25 and a 52-week high of $23.01. The stock’s fifty day simple moving average is $22.00 and its 200-day simple moving average is $21.11. The company has a quick ratio of 1.99, a current ratio of 2.00 and a debt-to-equity ratio of 5.62. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 40.91, a price-to-earnings-growth ratio of 3.07 and a beta of 0.76.

In other Wendys news, CEO Todd Allan Penegor sold 283,733 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $21.34, for a total transaction of $6,054,862.22. Following the sale, the chief executive officer now owns 685,029 shares in the company, valued at approximately $14,618,518.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Wendys during the fourth quarter worth $25,000. Motco purchased a new position in shares of Wendys in the 4th quarter worth $31,000. Coastal Investment Advisors Inc. raised its position in shares of Wendys by 219.8% in the 4th quarter. Coastal Investment Advisors Inc. now owns 1,919 shares of the restaurant operator’s stock worth $40,000 after buying an additional 1,319 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Wendys by 512.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,085 shares of the restaurant operator’s stock worth $69,000 after buying an additional 2,581 shares during the period. Finally, Cribstone Capital Management LLC purchased a new position in shares of Wendys in the 3rd quarter worth $113,000. Institutional investors and hedge funds own 72.05% of the company’s stock.

A number of equities research analysts have commented on WEN shares. Longbow Research reiterated a “buy” rating and set a $25.00 target price on shares of Wendys in a report on Friday, December 13th. Wells Fargo & Co increased their target price on Wendys from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Morgan Stanley increased their target price on Wendys from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “hold” rating and set a $22.00 target price on shares of Wendys in a report on Thursday, January 23rd. Finally, Telsey Advisory Group increased their target price on Wendys from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.07.

Wendys Company Profile

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.

Featured Story: VIX – Volatility Index

Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

InterDigital Wireless  Stock Rating Upgraded by BidaskClub
InterDigital Wireless Stock Rating Upgraded by BidaskClub
Hawaiian  Downgraded by BidaskClub to “Strong Sell”
Hawaiian Downgraded by BidaskClub to “Strong Sell”
FuelCell Energy  Stock Rating Upgraded by BidaskClub
FuelCell Energy Stock Rating Upgraded by BidaskClub
BidaskClub Upgrades Forward Air  to “Sell”
BidaskClub Upgrades Forward Air to “Sell”
Five9  Stock Rating Upgraded by BidaskClub
Five9 Stock Rating Upgraded by BidaskClub
Crispr Therapeutics  Rating Increased to Sell at BidaskClub
Crispr Therapeutics Rating Increased to Sell at BidaskClub


 
© 2006-2020 Zolmax.