Burger King Parent Restaurant Brands Beats Q4 Forecasts

Sales at Burger King restaurants helped parent Restaurant Brands International to better-than-expected earnings Monday

Burger King leads Restaurants Brands to solid quarter

Several equities research analysts recently issued reports on QSR shares.

Restaurant Brands International Inc.s in-depth stock price analysis indicates that the stock price has rallied 11.3% in the past 12 Weeks, but analyzing the 6 month charts for the stock, the price continues to stay positive and keep the rally at 9.71%. The upped price target implies a potential downside of -0.13% from the company's previous stock price. (NYSE:QSR) (TSE:QSR) shares gapped up before the market opened on Monday after the company announced better than expected quarterly earnings. Currently, the company has SMA200 (200-day simple moving average) of 19.07 Percent. According to their predictions High & Low revenue estimates are 1.15 Billion and 1.07 Billion respectively. However, during the quarter Tim Hortons' total comparable sales rose 0.2 percent, missing estimates of a 1.1 percent rise.

Revenue rose by 5 per cent to $1.1 billion, roughly in line with estimates.

Many research firms have provided their ratings on Restaurant Brands International Inc. RBI Total Revenues of $1,111.4 million versus $1,057.0 million in prior year period.

This article was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright legislation. The original version of this news story can be accessed at https://baseballnewssource.com/markets/restaurant-brands-international-inc-qsr-price-target-increased-to-56-00-by-analysts-at-piper-jaffray-companies/434420.html. Investors of record on Friday, March 3rd will be paid a $0.18 dividend. The ex-dividend date is Wednesday, March 1st. Restaurant Brands International's dividend payout ratio is now 46.90%.

Institutional investors have recently made changes to their positions in the company. Our continued focus on guest satisfaction and value creation for all of our stakeholders has resulted in accelerated restaurant development and continued system-wide sales growth at both of our iconic brands, TIM HORTONS® and BURGER KING®. Restaurant Brands shares rose 4 percent to C$70.12 in Toronto, giving that company a market capitalization of C$32.34 billion.

After paying out preferred dividends, the company earned 50 cents a share, up from 25 cents. 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. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Restaurant Brands International by 243.8% in the second quarter. The company reported its last quarter on Sep 16.

Restaurant Brands International Inc. has 1 year price target of $50. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands.

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