Innovative Industrial Properties, Inc. (IIPR) Forms $32.41 Double Top; Wendys Co (WEN) Sentiment Is 0.94

Innovative Industrial Properties, Inc. (IIPR) formed double top with $35.00 target or 8.00% above today’s $32.41 share price. Innovative Industrial Properties, Inc. (IIPR) has $219.81 million valuation. The stock decreased 1.13% or $0.37 during the last trading session, reaching $32.41. About 127,509 shares traded or 14.57% up from the average. Innovative Industrial Properties, Inc. (NYSE:IIPR) has risen 57.05% since May 17, 2017 and is uptrending. It has outperformed by 45.50% the S&P500.

Wendys Co (WEN) investors sentiment increased to 0.94 in 2017 Q4. It’s up 0.15, from 0.79 in 2017Q3. The ratio has increased, as 101 hedge funds opened new or increased holdings, while 108 cut down and sold their positions in Wendys Co. The hedge funds in our database reported: 184.69 million shares, up from 181.38 million shares in 2017Q3. Also, the number of hedge funds holding Wendys Co in top ten holdings was flat from 3 to 3 for the same number . Sold All: 22 Reduced: 86 Increased: 67 New Position: 34.

Managed Asset Portfolios Llc holds 7.49% of its portfolio in The Wendy's Company for 1.44 million shares. Trian Fund Management L.P. owns 39.04 million shares or 5.42% of their US portfolio. Moreover, Horizon Kinetics Llc has 3.06% invested in the company for 6.35 million shares. The New York-based Eminence Capital Lp has invested 2.92% in the stock. Boyar Asset Management Inc., a New York-based fund reported 115,760 shares.

Ratings analysis reveals 50% of Wendy’s’s analysts are positive. Out of 4 Wall Street analysts rating Wendy’s, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. WEN was included in 4 notes of analysts from November 25, 2016. The stock of The Wendy's Company (NASDAQ:WEN) earned “Neutral” rating by Guggenheim on Thursday, December 1. The company was upgraded on Friday, November 25 by Argus Research. The stock of The Wendy's Company (NASDAQ:WEN) earned “Neutral” rating by Longbow on Friday, January 6. The stock of The Wendy's Company (NASDAQ:WEN) has “Overweight” rating given on Friday, February 24 by JP Morgan.

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant firm in the hamburger sandwich segment worldwide. The company has market cap of $3.91 billion. It is involved in operating, developing, and franchising a system of quick-service restaurants. It has a 21.22 P/E ratio. The companyÂ’s restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, Frosty desserts, and kidsÂ’ meals.

The stock decreased 1.15% or $0.19 during the last trading session, reaching $16.34. About 4.11 million shares traded or 1.59% up from the average. The Wendy's Company (WEN) has risen 28.35% since May 17, 2017 and is uptrending. It has outperformed by 16.80% the S&P500.

Analysts await The Wendy's Company (NASDAQ:WEN) to report earnings on August, 8. They expect $0.15 earnings per share, 0.00% or $0.00 from last year’s $0.15 per share. WEN’s profit will be $35.88 million for 27.23 P/E if the $0.15 EPS becomes a reality. After $0.11 actual earnings per share reported by The Wendy's Company for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Since January 1, 0001, it had 1 insider purchase, and 7 sales for $461.20 million activity.

The Wendy's Company (NASDAQ:WEN) Institutional Positions Chart