Published: Sat, April 29, 2017
Economy | By Melissa Porter

Burger King owner Restaurant Brands revenue rises 8.9 percent

Burger King owner Restaurant Brands revenue rises 8.9 percent

Several analysts recently commented on QSR shares.

TRADEMARK VIOLATION NOTICE: "Restaurant Brands International Inc (qsr) Raises Dividend to $0.19 Per Share" was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. Citigroup maintained Restaurant Brands International Inc (NYSE:QSR) on Thursday, October 6 with "Buy" rating. Finally, Piper Jaffray Companies increased their price target on Restaurant Brands International from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 14th.

Among 5 analysts covering ALLETE Inc (NYSE:ALE), 2 have Buy rating, 1 Sell and 2 Hold.

Restaurant Brands International (NYSE:QSR) opened at 56.66 on Tuesday.

Restaurant Brands International has a 52 week low of $39.28 and a 52 week high of $57.98 with a P/E ratio of 39.68 The company's market cap is now $0.

Stock Price: Inactive in pre-market trading. Over the last five days, shares have managed 0.78% gains and now is up 16.79% since hitting its 200-day moving average of $50.31.

Restaurant Brands International (NYSE:QSR) last announced its quarterly earnings data on Wednesday, April 26th. Oakville, Ontario-based Restaurant Brand's total revenue rose to $1 billion (780.36 million pounds) from $918.5 million. Its global footprint will thus complement Restaurant Brands' existing portfolio of over 20,000 restaurants worldwide.

Comps at this segment declined 0.1% in the quarter versus 5.6% growth in the prior-year quarter and 0.2% growth in the preceding quarter. Revenues also outpaced the Zacks Consensus Estimate in three of the trailing four quarters. On average, equities analysts predict that Restaurant Brands International will post $1.85 EPS for the current year. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date was Wednesday, March 1st. Restaurant Brands International's dividend payout ratio (DPR) is 46.90%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of worldwide copyright and trademark legislation. (NYSE:QSR) have recently changed their ratings on the stock. Our experts cover all kinds of trades... from value to momentum. from stocks under $10 to ETF and option moves. from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. During the same period a year ago, the business earned $0.30 earnings per share. Currently, Burger King operates 55% of its restaurants in the US and faces tough competition in the region. Principal Financial Group Inc. raised its position in Restaurant Brands International by 4.3% in the third quarter. FMR LLC now owns 12,974,594 shares of the restaurant operator's stock valued at $617,976,000 after buying an additional 186,166 shares during the period. IFP Advisors Inc now owns 1,817 shares of the restaurant operator's stock valued at $101,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 72.78% of the company's stock.

"In each year since we acquired Tim Hortons and created Restaurant Brands International, we have grown the profits for our franchise owners to record levels in 2016 and look forward to working collaboratively with them for many years to come to grow the brand", Schwartz added. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories.

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