Unusual Volume Spikes For: The Wendy's Company (WEN)

Leslie Hanson
January 13, 2018

The stock was trading at a distance of -0.45% from its 52-week highs and stands 25.17% away from its 52-week lows. During the same period in the previous year, the company posted $0.11 earnings per share.

Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future. The $238.71 level represents at least another 1.01% downside for the stock from its current price. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wendys.

Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, November 8th.

The consensus analysts recommendation at this point stands at 2.20 on The Wendy's Company (NASDAQ:WEN). The firm earned $364 million during the quarter, compared to analysts' expectations of $350.35 million.

Todd Penegor, the CEO and President of Wendys, expressed that in the past year they have grown their global portfolio by over 60 net new restaurants. The business's revenue for the quarter was down 21.7% on a year-over-year basis. This shows a surprise factor of -0.111%. JP Morgan upgraded the shares of WEN in report on Friday, February 24 to "Overweight" rating. Royal Bank of Canada reiterated a "hold" rating and issued a $16.00 target price on shares of Wendys in a research note on Tuesday, November 7th. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.20, which implies that analysts are generally neutral in their outlook for WEN over the next year. Longbow Research raised shares of Wendys from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $15.23 to $18.00 in a research note on Friday, September 15th. Finally, SunTrust Banks boosted their price target on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. It dived, as 23 investors sold The Wendy's Company shares while 95 reduced holdings. The stock volatility for the week was 1.16% while for the month was 1.11%. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the purchase, the insider now directly owns 199,014 shares of the company's stock, valued at $2,843,910.06. Legal & General Group Plc grew its holdings in shares of Wendys by 8.5% during the second quarter. After a recent check, it is observed that the insiders for the firm now own 0.05% shares. It also increased its holding in Delta Air Lines Inc Del (NYSE:DAL) by 9,000 shares in the quarter, for a total of 118,300 shares, and has risen its stake in U S Silica Hldgs Inc (NYSE:SLCA). Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator's stock worth $116,000 after purchasing an additional 692 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Wendys by 3.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator's stock worth $144,000 after purchasing an additional 4,012 shares during the last quarter. Finally, TIAA FSB acquired a new position in Wendys during the second quarter worth $223,000. The Wendy's Company (NASDAQ:WEN) has a 20-Day average volume of 3.97 Million. 4,781,900 shares of the company's stock traded hands, compared to its average volume of 4,150,675. The stock has a market cap of $4,160.00, a P/E ratio of 68.96, a PEG ratio of 2.24 and a beta of 0.93. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 5.83. Wendys has a twelve month low of $13.03 and a twelve month high of $16.98. Commonwealth Of Pennsylvania School Empls Retrmt invested in 0.01% or 26,636 shares. The firm has "Buy" rating by Goldman Sachs given on Thursday, November 19. Wendys's dividend payout ratio (DPR) is presently 112.00%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The Wendy's system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and USA territories worldwide.

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