Restaurant Brands' profit tops estimates on Burger King boost
- by Xavier Trudeau
- in Financer
- — Fév 12, 2018
Finally, Royal Bank of Canada upped their target price on Restaurant Brands International from $69.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, October 23rd.
Restaurant Brands International Inc. reported a better-than-expected profit for its fourth quarter as revenue was boosted by the addition of Popeyes and system-wide sales growth. Fox Run Management L.L.C.'s holdings in Restaurant Brands International were worth $813,000 as of its most recent SEC filing. Restaurant Brands International has a 12 month low of C$66.82 and a 12 month high of C$88.36.
For the full year, Restaurant Brands reported a profit of $626.1 million or $2.54 per diluted share on almost $4.58 billion in revenue. The stock presently has an average rating of Buy and an average target price of C$83.50.
In other Restaurant Brands International news, EVP Jose E. Cil sold 99,151 shares of Restaurant Brands International stock in a transaction on Thursday, November 16th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Following the transaction, the executive vice president now directly owns 350,613 shares of the company's stock, valued at approximately $22,789,845. They noted that the move was a valuation call.
In other news, Director Marc Caira sold 49,804 shares of the firm's stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$65.00, for a total transaction of C$2,501,200.00. They set an outperform rating and a $75.00 price target on the stock. The disclosure for this sale can be found here. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Insiders have sold a total of 187,435 shares of company stock valued at $12,219,111 over the last ninety days. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. The stock has a market cap of $33,820.00, a price-to-earnings ratio of 77.27 and a beta of 1.14. The company has an average rating of "Buy" and an average target price of $70.47.
ILLEGAL ACTIVITY WARNING: This piece of content was published by Registrar Journal and is the sole property of of Registrar Journal. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of USA & global copyright & trademark laws.
Restaurant Brands International (NYSE:QSR) traded up $0.08 on Tuesday, reaching $56.51. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2018/02/11/bmo-capital-markets-analysts-give-restaurant-brands-international-qsr-a-c72-00-price-target-updated.html.
The operator of Tim Hortons and Burger King surpassed analyst estimates for the fourth quarter but sales were tepid during a time marked by widespread franchisee discontent and an outcry over their response to minimum wage hikes in Ontario.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.23 billion in the period.
