Wendy’s (NASDAQ:WEN) Insider John Min Buys 1,700 Shares

by · The Cerbat Gem

The Wendy’s Company (NASDAQ:WEN – Get Free Report) insider John Min bought 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of $8.18 per share, for a total transaction of $13,906.00. Following the completion of the purchase, the insider owned 3,005 shares of the company’s stock, valued at $24,580.90. This represents a 130.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wendy’s Stock Up 5.3%

WEN traded up $0.42 during midday trading on Friday, hitting $8.29. The company had a trading volume of 6,588,877 shares, compared to its average volume of 6,270,522. The stock’s 50 day moving average price is $8.97 and its 200 day moving average price is $10.32. The Wendy’s Company has a 52 week low of $7.83 and a 52 week high of $18.71. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 1.63 and a beta of 0.38. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74.

Wendy’s (NASDAQ:WEN – Get Free Report) last issued its earnings results on Friday, November 7th. The restaurant operator reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The company had revenue of $442.50 million during the quarter, compared to the consensus estimate of $535.75 million. During the same period last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. On average, research analysts anticipate that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, December 1st. Wendy’s’s dividend payout ratio is presently 59.57%.

Analyst Ratings Changes

A number of brokerages have commented on WEN. Sanford C. Bernstein set a $9.00 price target on shares of Wendy’s in a research note on Wednesday, October 22nd. UBS Group reduced their price objective on shares of Wendy’s from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, November 10th. Mizuho assumed coverage on shares of Wendy’s in a research report on Monday, October 27th. They set an “underperform” rating and a $8.00 target price for the company. Argus reaffirmed a “hold” rating on shares of Wendy’s in a research report on Tuesday, September 23rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $13.00 price target on shares of Wendy’s in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.86.

Read Our Latest Report on WEN

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in Wendy’s in the 2nd quarter worth about $25,000. Investors Research Corp purchased a new position in shares of Wendy’s in the 3rd quarter worth approximately $27,000. Versant Capital Management Inc grew its holdings in shares of Wendy’s by 19,693.8% in the third quarter. Versant Capital Management Inc now owns 3,167 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 3,151 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Wendy’s by 205.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 3,257 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 2,189 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Wendy’s by 7,180.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 3,375 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

Wendy’s Company Profile

(Get Free Report)

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.

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