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Restaurant Brands (QSR) Catches Eye: Stock Jumps 9.8%

Zacks Equity Research

Restaurant Brands International Inc. QSR was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 21.2% in the past one-month time frame.

The move came after the company announced encouraging pre-release fourth-quarter comparable sales data. Additionally, the company declared quarterly dividend hike and leadership changes.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Restaurant Brands currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Restaurant Brands International Inc. Price

Restaurant Brands International Inc. Price | Restaurant Brands International Inc. Quote

Investors interested in the Retail - Restaurants industry may consider Potbelly Corporation PBPB, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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