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Today it was reported that the EVP & COO of Wendy’s (WEN), Robert D. Wright, exercised options to sell 235,739 WEN shares at $8.22 a share, for a total transaction value of $4.4M.
Following Robert D. Wright’s last WEN Sell transaction on November 26, 2018, the stock climbed by 1.0%.
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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 $4.3B and the company has a P/E ratio of 9.64. Currently, Wendy’s has an average volume of 3.79M.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.41, reflecting a 10.3% upside.
The insider sentiment on Wendy’s has been negative according to 65 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
