A deal would be a bet by Oakville, Ontario-based Restaurant Brands that it can use its worldwide reach to introduce Popeyes' famous Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Piper Jaffray Companies lifted their price objective on shares of Restaurant Brands International to $56.00 in a research note on Tuesday. The 52-week low of the share price is at $29.28. Finally, Zacks Investment Research raised shares of Restaurant Brands International from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Saturday, December 24th. The company has a market capitalization of $12.04 billion, a PE ratio of 42.81 and a beta of 1.75. Currently, the company has SMA200 (200-day simple moving average) of 19.07 Percent.
RBC Capital Markets upped their price target on Restaurant Brands International from $49.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, October 25th.
Restaurant Brands' net profit attributable to shareholders more than doubled to US$118.4 million, or 50 cents per share, from a year ago, when it took a US$37-million charge for the merger of Burger King and Tim Hortons.
The Oakville, Ontario-based company's total revenue rose about five per cent to $1.11 billion and was almost in line with estimates. This showed the surprise of 7.5% in the last quarter earnings. (NYSE:QSR)'s EPS growth this year is 33.10% and the trailing 12-month EPS is $1.20. Restaurant Brands has also been considering the acquisition of other companies, one of the people added. "(QSR) Price Target to $51.00" was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & global trademark & copyright legislation.
Restaurant Brands International (NYSE:QSR) has insider ownership of 4.20% and institutional ownership of 72.78%.
Cheeses recalled due to Listeria concerns
The latest recall notice comes from OH distributor MDS Foods Inc ., according to an FDA notice posted on February 11, 2016. If the infection spreads to the nervous system, symptoms may include confusion, loss of balance, convulsions and death.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.18 per share.
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.
On 7/27/2015 Restaurant Brands International announced a dividend of $0.12 with an ex dividend date of 8/26/2015 which will be payable on 10/2/2015. Smith Asset Management Group LP bought a new stake in Restaurant Brands International during the third quarter worth $190,000. Stratos Wealth Partners LTD. increased its stake in Restaurant Brands International by 6.9% in the third quarter.
Popeyes shares jumped 14 percent in NY, reaching a record $75.30 and giving the company a market capitalization of around $1.6 billion. Palestra Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $34,528,000. The stock opened for trading at $51.19 and hit $51.575 on the upside, eventually ending the session at $51.42, with a gain of 1.1% or 0.56 points. It has since expanded to more than 2,000 restaurants, of which 1,600 are in the United States.
Tim Hortons accounted for US$3.00 billion of RBI's total annual revenue while Burger King contributed $1.14 billion for the year. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02.