Today it was reported that the EVP & COO of Wendy’s (WEN), Robert D. Wright, exercised options to sell 454,793 WEN shares at $10.56 a share, for a total transaction value of $8.46M.
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Based on Wendy’s’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $409 million and quarterly net profit of $31.89 million. In comparison, last year the company earned revenue of $381 million and had a net profit of $20.16 million. WEN’s market cap is $4.31B and the company has a P/E ratio of 9.66. Currently, Wendy’s has an average volume of 3.03M.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.41, reflecting a 9.0% upside.
The insider sentiment on Wendy’s has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Robert D. Wright’s trades have generated a -3.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid’s meals.
