Blue Bell Private Wealth Management buys $39,024 stake in Wendys Co (WEN)

Wendys Co (WEN) : Blue Bell Private Wealth Management scooped up 100 additional shares in Wendys Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 3,600 shares of Wendys Co which is valued at $39,024.Wendys Co makes up approximately 0.02% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in WEN by selling 1,070 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 28,640 shares of WEN which is valued at $309,026. Wendys Co makes up approx 0.05% of Private Bank Trust Co’s portfolio.Weaver C. Barksdale Associates reduced its stake in WEN by selling 69 shares or 8.06% in the most recent quarter. The Hedge Fund company now holds 787 shares of WEN which is valued at $8,358. Wendys Co makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Capstone Asset Management Co reduced its stake in WEN by selling 745 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 30,473 shares of WEN which is valued at $323,623. Wendys Co makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Wendys Co opened for trading at $10.86 and hit $10.905 on the upside on Friday, eventually ending the session at $10.84, with a gain of 0.46% or 0.05 points. The heightened volatility saw the trading volume jump to 20,59,276 shares. Company has a market cap of $2,832 M.

On the company’s financial health, Wendys Co reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.09. The company had revenue of $382.70 million for the quarter, compared to analysts expectations of $366.92 million. The company’s revenue was down -21.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Wendys Co. Shares were Downgraded by RBC Capital Mkts on Aug 2, 2016 to ” Sector Perform” and Lowered the Price Target to $ 11 from a previous price target of $12 .

The Wendy’s Company is the parent company of its wholly owned subsidiary holding company Wendy’s Restaurants LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International LLC (Wendy’s) which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating developing and franchising a system of distinctive quick-service restaurants serving food. Wendy’s Restaurants is the parent company of Wendy’s International LLC (Wendy’s) which is the owner and franchisor of the Wendy’s restaurant system in the United States.

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