Saturday, 20 January, 2018

Stock Price of Restaurant Brands International Inc. (QSR) Increases 3.5%

Tim Hortons expansion Stock Price of Restaurant Brands International Inc. (QSR) Increases 3.5%
Jeannie Matthews | 15 February, 2017, 01:00

Total costs at Restaurant Brands fell about 16 percent to $619.8 million, while total comparable sales at Tim Hortons, which operates mainly in Canada, rose 0.2 percent in the quarter.

The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Systemwide sales - which include revenue from franchised stores - grew 2.4% at Tim Hortons and 8.5% at Burger King. For the past month, Restaurant Brands International Inc.'s stock has been 9.31%, 21.11% for the last quarter, 14.21% for the past six months and 70.53% for the past 52 weeks.

The 11 analysts offering 12-month price forecasts for Restaurant Brands International Inc have a median target of 52.00, with a high estimate of 59.00 and a low estimate of 45.00. Restaurant Brands has also been considering the acquisition of other companies, one of the people added. Stratos Wealth Partners LTD. increased its stake in Restaurant Brands International by 6.9% in the third quarter.

What's next for Restaurant Brands? (NYSE:QSR) (TSE:QSR) had its price target increased by Cowen and Company to $51.00 in a research report sent to investors on Tuesday.

For Tim Hortons, the theme of the past few quarters has been expansion, and that is likely to continue over the next year. The business has worked on expanding the footprint of Tim Hortons in both the United States as well as internationally. Last year, Restaurant Brands signed development agreements in both Indianapolis and Minneapolis.

J&K: 4 terrorists, 3 security personnel killed in Kulgam encounter
The Indian security forces are now involved in an encounter with terrorists at Yaripora of Jammu and Kashmir's Kulgam. Protesters chanted pro-freedom slogans and also attended the funeral of the terrorists and the two deceased civilians.

Chicken accounts for about 10 percent of the fast-food industry, according to data service IBISWorld, and Popeyes' market share is growing.

Burger King's purchase of Belgian Quick restaurants will ultimately result in additional locations added to its network; the first restaurants in France were converted a year ago. The correct version of this article can be accessed at https://baseballnewssource.com/markets/oppenheimer-holdings-brokers-lift-earnings-estimates-for-restaurant-brands-international-inc-qsr/431770.html.

Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings results on Monday, February 13th.

On 4/28/2016 Restaurant Brands International announced a Quarterly dividend of $0.15 with an ex dividend date of 5/12/2016 which will be payable on 7/6/2016.

Fool contributor Demetris Afxentiou has no position in any stocks mentioned. Restaurant Brands International's payout ratio is now 56.67%. Hitchwood Capital Management LP boosted its stake in shares of Restaurant Brands International by 460.0% in the third quarter. During the same quarter previous year, the firm posted $0.32 earnings per share.

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