Published: Tue, February 14, 2017
Markets | By Erika Turner

Owner of Burger King and Tim Hortons Sees Rise in Sales

Owner of Burger King and Tim Hortons Sees Rise in Sales

They set an "outperform" rating on the stock.

Reuters described the potential deal as a bet by the Ontario-based Restaurant Brands to use its worldwide reach to take Popeyes' Louisiana-style fried chicken and biscuits global.

The sources asked not to be identified because the matter is confidential. Restaurant Brands International has a consensus rating of Hold and a consensus target price of C$57.50. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company's 50-day moving average price is $48.90 and its 200 day moving average price is $46.74. The company has a market cap of $12.04 billion, a P/E ratio of 42.81 and a beta of 1.75. Restaurant Brands International now has a consensus rating of "Hold" and a consensus price target of $46.55. The company's profits tripled a year ago to $345.6 million. Keybank National Association OH increased its position in shares of Restaurant Brands International by 15.7% in the fourth quarter. FMR LLC increased its position in shares of Restaurant Brands International by 1.5% in the fourth quarter.

Analysts expect Restaurant Brands International to post earnings of $0.42 per share and revenue of $1.10 billion for the quarter.

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RBI is also intent on rapidly expanding Tim Hortons around the world, signing three separate master franchise joint venture agreements to bring the chain to the Philippines, Great Britain and Mexico.

Restaurant Brands International Inc is a quick service restaurant (QSR) company.

"We accelerated our net restaurant growth on the Tim Hortons side and on the Burger King side".

"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".

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