Price Action to Note: Restaurant Brands International Inc’s Trend Up, Especially After Today’s Strong Session

Price Action to Note: Restaurant Brands International Inc's Trend Up, Especially After Today's Strong Session

The stock of Restaurant Brands International Inc (NYSE:QSR) is a huge mover today! About 999,299 shares traded hands or 34.06% up from the average. Restaurant Brands International Inc (NYSE:QSR) has risen 16.78% since March 16, 2016 and is uptrending. It has outperformed by 11.23% the S&P500.
The move comes after 5 months positive chart setup for the $10.48 billion company. It was reported on Oct, 19 by Barchart.com. We have $64.28 PT which if reached, will make NYSE:QSR worth $4.30 billion more.

Analysts await Restaurant Brands International Inc (NYSE:QSR) to report earnings on October, 25. They expect $0.41 EPS, up 28.13% or $0.09 from last year’s $0.32 per share. QSR’s profit will be $94.25M for 27.80 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS reported by Restaurant Brands International Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Restaurant Brands International Inc (NYSE:QSR) Ratings Coverage

Out of 9 analysts covering Restaurant Brands (NYSE:QSR), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Restaurant Brands has been the topic of 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, January 8 by Credit Suisse. Longbow initiated the shares of QSR in a report on Friday, March 18 with “Neutral” rating. The stock of Restaurant Brands International Inc (NYSE:QSR) has “Underperform” rating given on Monday, September 26 by Longbow. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, April 11. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 2. Citigroup maintained Restaurant Brands International Inc (NYSE:QSR) on Thursday, October 6 with “Buy” rating. As per Friday, April 29, the company rating was maintained by RBC Capital Markets. The stock of Restaurant Brands International Inc (NYSE:QSR) has “Sector Perform” rating given on Friday, February 12 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, July 28. The firm has “Positive” rating by OTR Global given on Monday, July 18.

According to Zacks Investment Research, “Restaurant Brands International Inc. operates as a quick service restaurant company. It is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Burger King is a fast food hamburger chain. Restaurant Brands International Inc. is based in Canada.”

Another recent and important Restaurant Brands International Inc (NYSE:QSR) news was published by Seekingalpha.com which published an article titled: “Restaurant Brands International: Just Getting Started?” on October 12, 2016.

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