Restaurant Brands International Inc (QSR) Shows Us That Fast Food Is a Hot Business – Reports Earnings

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The economy in the United States is in decent shape, and apparently that means we like to eat more fast food. That’s at least if you take Restaurant Brands International’s (NYSE:QSR) fourth quarter numbers as a signal for the entire industry.

Today Restaurant Brands International Inc (NYSE:QSR) reported their fourth quarter numbers and they were better than most analysts had been expecting. The company reported adjusted earnings per share of $0.35, while analysts on average were expected an EPS of around $0.31 for the quarter. On a revenue front the company reported $1.06 billion, with a profit of $119.2 million for the fourth quarter.

Shares of Restaurant Brands International Inc (NYSE:QSR) are trading higher in the pre-market after the stock had been hammered down over the last month and a half. The stock increased 5.43% or $1.65 on February 12, hitting $32.01. QSR has declined 17.58% since July 10, 2015 and is downtrending. It has underperformed the S&P500 by 8.72%.

From a total of 4 analysts covering Restaurant Brands (NYSE:QSR) stock, 2 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 50% of the ratings are positive. The highest target price is $50 while the lowest target price is $34. The mean of all analyst targets is $44.50 which is 39.02% above today’s ($32.01) stock price. Restaurant Brands was the topic of 7 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on January 8 with a “Neutral” rating.

Restaurant Brands International Inc is the parent firm for Tim Hortons Inc. and Burger King Worldwide, Inc. The company has a market cap of $7.23 billion. The Firm operates more than 18,000 restaurants operating in 100 countries under its two distinct brands. It currently has negative earnings. Tim Hortons operates restaurant chains in North America and Canada.

#focuskw=’Restaurant Brands International Inc (NYSE:QSR)’##metadesc=’The economy in the United States is in decent shape, and apparently that means we like to eat more fast food. That’s at least if you take Restaurant Brands International’s (NYSE:QSR) fourth quarter numbers as a signal for the entire industry.Today Restaurant Brands International Inc (NYSE:QSR) reported their fourth quarter numbers and they were better than most analysts had been expecting. The company reported adjusted earnings per share of $0.35, while analysts on average were expected an EPS of around $0.31 for the quarter. On a revenue front the company reported $1.06 billion, with a profit of $119.2 million for the fourth quarter.Shares of Restaurant Brands International Inc (NYSE:QSR) are trading higher in the pre-market after the stock had been hammered down over the last month and a half. ‘##metarobot=’index’##newskw=’Zafgen Inc positive news,Zafgen Inc – (NASDAQ:ZFGN),NASDAQ:ZFGN Analyst rating analysis,Stock Analysis,Outlook and potential,ZFGN Price change and trend,ZFGN stock update’##sitemap=’include’##skipsocial##stockticker=’NYSE:QSR’#

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