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Published: Tue, February 14, 2017
Economy | By Melissa Porter

The Restaurant Brands International Inc. (QSR) Set to Announce Earnings on Monday


Restaurant Brands International Inc., the owner of the Burger King and Tim Horton's fast-food chains, has approached Popeyes Louisiana Kitchen Inc.to express interest in an acquisition, people familiar with the matter said on Monday. The company's 50-day moving average price is $48.90 and its 200 day moving average price is $46.74.

"I think investors will be sort of surprised and dismayed by the shift around", Dennis Mitchell, senior vice president and senior portfolio manager of Sprott Asset Management, told BNN Monday when discussing Restaurant Brand International's same-store sales. The firm has a market capitalization of $15.73 billion and a P/E ratio of 55.96. Restaurant Brands International has a 12 month low of $30.69 and a 12 month high of $51.58. Zacks Investment Research cut shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 6th. RBC Capital Markets boosted their price objective on Restaurant Brands International from $49.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, October 25th. He rates the stock at overweight with a 52 price target.

Schwartz is the latest head of a major Canadian company to offer insight on how they view Trump's election, with many seeing his expected policies as positive for their bottom lines.

The company opened 85 Tim Hortons locations in Canada, 26 in the US and 11 internationally. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories.

"The pace of menu innovation at Tim Hortons has fallen back since past year, when the company introduced new lunchtime options and Nutella pockets", Neil Saunders, managing director of research firm GlobalData Retail said in a note, calling Burger King the "star of the show".

Tim Hortons accounted for $3.00 billion of RBI's total annual revenue while Burger King contributed $1.14 billion for the year.

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