Burger King leads Restaurants Brands to solid quarter

Burger King leads Restaurants Brands to solid quarter”

The stock is now moving above its 20-Day Simple Moving Average of 10.15% with the 50-Day Simple Moving Average of 10.15 percent.

Several other research analysts have also weighed in on QSR. Zacks Investment Research downgraded Restaurant Brands International from a strong-buy rating to a hold rating in a report on Thursday, October 27th.

A deal would be a bet by Oakville, Ontario-based Restaurant Brands that it can use its global reach to introduce Popeyes' famous Louisiana-style fried chicken and buttermilk biscuits to more diners globally. RBC Capital Markets boosted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, October 25th.

Restaurant Brands International had a strong fourth quarter. The company had revenue of $1111.40 million for the quarter, compared to analysts expectations of $1103.90 million. The firm has a 50-day moving average price of $49.09 and a 200 day moving average price of $46.82. The 52-week high of the share price is $51.575 and the company has a market cap of $12,038 million. (NYSE:QSR) (TSE:QSR) issued its quarterly earnings data on Monday.

At established locations, the company said Burger King's sales rose 2.8 percent, including 1.8 percent in the USA and Canada. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.33 on scale of 1-5. For the Current Quarter, 10 analysts are projecting the mean EPS to be $0.57/share. Restaurant Brands International's quarterly revenue was up 5.1% compared to the same quarter past year.

This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem.

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That expansion is not limited to the worldwide market either; Tim Hortons's USA locations are now situated in border states, but a broader expansion is starting to take shape. Investors of record on Friday, March 3rd will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 1st. Restaurant Brands International's payout ratio is 56.67%. Huntington National Bank raised its position in shares of Restaurant Brands International by 46,600.0% in the second quarter. Vanguard Group Inc. now owns 4,214,460 shares of the company's stock valued at $175,321,000 after buying an additional 503,446 shares during the period.

"Our continued focus on guest satisfaction and value creation for all of our stakeholders has resulted in accelerated restaurant development and continued systemwide sales growth at both of our iconic brands, Tim Hortons and Burger King", said Restaurant Brands Chief Executive Daniel Schwartz in the earnings release. Tower Research Capital LLC TRC increased its stake in Restaurant Brands International by 64.3% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 578,322 shares of the company's stock worth $31,102,000 after buying an additional 410,122 shares during the period. Restaurant Brands International based in Canada. CIBC World Markets Inc. now owns 3,238,010 shares of the company's stock worth $144,350,000 after buying an additional 148,482 shares in the last quarter.

Institutional investors have recently made changes to their positions in the company.

Restaurant Brands International Inc. has 1 year price target of $50. Following the merger of the two companies just a few short years back, the behemoths combined to form Restaurant Brands, which now encompasses over 20,000 restaurants in over 100 countries with $24 billion in annual sales.

Restaurant Brands was formed in 2014, when 3G Capital-backed Burger King acquired Canadian coffee and doughnut chain Tim Hortons Inc for $11 billion. Both brands saw impressive growth in system-wide sales with Tim Hortons registering 5.2% growth and Burger King seeing 7.8% growth.

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