Burger King Stock Is So Hot That It's Flame-Broiled

Muriel SparksFeb 16 , 2017

Stephens upgraded shares of Restaurant Brands International from an equal weight rating to an overweight rating and set a $52.00 target price on the stock in a report on Wednesday, October 19th. BMO Capital Markets started coverage on Restaurant Brands International in a research report on Friday, October 14th.

Currently, QSR has a Zacks Rank #4 (Sell) but that could change following Restaurant Brands earnings report which was just released.

On Sep 16 Restaurant Brands International Inc. The stock has a 50 day moving average of $49.43 and a 200-day moving average of $47.00. (NYSE:QSR) topped its 52-week high price of $54.3 on Feb 13, 2017 and 52-Week Low Price of $31.58 on Feb 24, 2016.

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Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings results on Monday, February 13th. Comparable sales at Tim Hortons rose by 0.2 per cent, missing estimates of a... The company had revenue of $1075.70 million for the quarter, compared to analysts expectations of $1064.19 million. Restaurant Brands International had a return on equity of 20.84% and a net margin of 11.77%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. The stock presently has a consensus rating of Hold and an average target price of $50.25. If you are accessing this report on another site, it was stolen and reposted in violation of United States and global copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/02/15/restaurant-brands-international-inc-qsr-price-target-raised-to-59-00-at-royal-bank-of-canada.html.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th.

Restaurant Brands also hiked the quarterly dividend this week, setting it to US$0.18 per share.

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That being said, strong returns, an aggressive and, to date, successful expansion plan, and an increasing dividend all make Restaurant Brands a likely candidate for nearly any portfolio. Restaurant Brands International's payout ratio is 56.67%. Stratos Wealth Partners LTD. increased its stake in Restaurant Brands International by 6.9% in the third quarter.

Burger King's same-store sales in the US and Canada rose 1.8 per cent after two negative quarters. Sumitomo Mitsui Trust Holdings Inc. now owns 604,675 shares of the company's stock valued at $25,055,000 after buying an additional 27,844 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Restaurant Brands International by 0.7% in the third quarter. Flinton Capital Management LLC purchased a new position in Restaurant Brands International during the fourth quarter worth about $175,000. Shares rose by 4.5 per cent to close at $70.22 in Toronto last night.

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. It is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. 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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