|Bid||96.60 x 0|
|Ask||96.63 x 0|
|Day's Range||96.43 - 98.40|
|52 Week Range||68.34 - 105.93|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||43.07|
|Forward Dividend & Yield||2.66 (2.79%)|
|1y Target Est||N/A|
Restaurant Brands International Inc's Tim Hortons cut Beyond Meat Inc's burgers and sandwiches from its menu, except in Ontario and British Columbia restaurants, months after a nationwide roll-out at the Canadian breakfast chain. Beyond Meat's shares fell nearly 6%, while Restaurant Brands' stock was down about 1% on Wednesday. "Both the Beyond Burger and Beyond Meat breakfast sandwiches were introduced as a limited-time offer," Restaurant Brands said.
Popeyes is telling its customers to BYOB, but it is not what you’re thinking. Try our new BYOB! It’s basically The Sandwich! Only no mayo. The company says it is allowing guests bring in their own buns, order its three-piece chicken tends and make their own chicken sandwiches on the spot.
In the age of the fried chicken wars, Chick-fil-A is again hoping to differentiate itself from the competition with an "industry-changing" move.
Restaurant stocks closed lower on Tuesday as the fight to win the morning traffic intensified. Wendy’s will expand its breakfast menu nationwide in 2020.
Readers hoping to buy Restaurant Brands International Inc. (NYSE:QSR) for its dividend will need to make their move...
Coca-Cola's fruit-flavored soda Fanta is "reinventing itself" for today's teenagers with an marketing campaign focused on technology and personality. The result includes a DJ cat in a convenience store and an 8-bit videogame-ified pizza parlor.
The sandwich’s launch and subsequent Twitter debate was a viral sensation that disrupted the fast food industry and likely will shape the outcome of third quarter results for some of the largest players, one analyst says.
Restaurant Brands International Inc (NYSE: QSR )'s Popeye's concept realized a notable benefit in trends when its chicken sandwich took the country by storm. But did it have any impact on rivals? The Analyst ...
Investors might be wondering what Beyond Meat (BYND), Kellogg (K) and Restaurant Brands International (QSR) all have in common. The answer is that each wants to control the plant-based meat segment of the market.With Barclays predicting that plant-based product sales will reach $140 billion in the next decade, it’s no wonder food companies are expanding their product offerings to include meatless alternatives. Bearing this in mind, we used the TipRanks Stock Comparison tool to see which stock serves up the most compelling investment opportunity. Let’s get started. Beyond Meat Inc. (BYND)It’s no question that Beyond Meat has disrupted the vegan food market. The first plant-based meat producer has skyrocketed 136% since its May 2 IPO. BYND already boasts Dunkin (DNKN) and Kentucky Fried Chicken (YUM) as partners, with its products also appearing in many grocery stores. That being said, analysts aren’t convinced that BYND has what it takes to outperform in the long-run.The fact is, plant-based meat isn’t a patented technology, with several companies following BYND’s lead by adding their own vegan meat options. Kroger (KR) announced on September 5 that it was launching plant-based deli meats and sausages under its Simple Truth brand. One analyst argues that its fast-growing retail presence, attractive placement and favorable media impressions won’t be enough to shield BYND from the competition. D.A. Davidson’s Brian Holland states that its larger competitors have the resources and pricing power that BYND just doesn’t have. It doesn’t help that BYND has a valuation problem. “We estimated EV/Sales on fiscal 2024 estimates of $1.2089 billion and discounted back. This multiple is already a 50% premium to Beyond Meat's Growth Staples peers and compares to the stock's current multiple of 29.5 times NTM revenue,” Holland noted. Based on all of the above factors, the analyst initiated coverage with a Sell and set a $130 price target on September 5. He thinks that share prices could drop 16% in the next twelve months. All in all, Wall Street analysts deem BYND a ‘Hold’. Its $124 average price target indicates 20% downside potential. Kellogg (K)Kellogg is one of the many companies trying to take market share from BYND. The company announced on September 4 that it is launching its plant-based meat, Incogmeato, in early 2020. These burgers will be released under the MorningStar brand and are different from its existing veggie burgers as they are fully plant-based. K will also start selling plant-based chicken nuggets and tenders.In addition to its foray into the plant-based food space, Kellogg has pivoted away from its legacy cereal-first approach with it shifting focus towards the snack segment of its business. In January, the company started selling Cheez-It Snap’d as well as launched Pop-Tart Bites and Rice Krispie Treat Poppers in 2018. Not to mention the company already added protein bars to the product lineup with its $600 million acquisition of RXBAR in 2017.While some analysts think K's upside has already been factored into the share price, Goldman Sachs analyst Jason English argues that these positive developments could drive a profit margin improvement as well as stronger organic sales. “A number of changes have occurred at the company in recent years that we believe will sustain a faster growth trend at K than the company has been able to historically achieve; primarily a strategic pivot to snacks (vs. its legacy cereal-first approach) and completed M&A (albeit at lofty valuations) which has bolstered its EM exposure,” he explained. As a result, he upgraded the stock from a Hold to a Buy while raising the price target from $58 to $72 on September 6. The new price target demonstrates his confidence that shares could surge 12% over the next twelve months. Wall Street isn’t as bullish on Kellogg. 4 Buy ratings versus 7 Holds and 2 Sells assigned over the last three months add up to a ‘Hold’ analyst consensus. Its $65 average price target suggests 2% upside potential. While this upside is minor, K still boasts better growth prospects than BYND. Restaurant Brands International (QSR)The last stock on our list is known as the force behind Burger King, Tim Hortons and Popeyes, with it also hoping to ride the vegan wave.In the beginning of August, Burger King launched its plant-based burger at over 7,000 U.S. locations. The Impossible Whopper is the product of its partnership with Impossible Foods, a top Beyond Meat rival. According to Cowen & Co. analyst Andrew Charles, the Impossible Whopper could drive 6% same-store sales growth in the third quarter at Burger Kings located throughout the U.S. The plant-based burger is convincing consumers to spend more as orders with the Impossible Whopper cost $10 or higher, compared to Burger King's average check of $7.36 in 2018. “While data is limited, our check suggests Impossible Whopper is attracting new and lapsed users to the brand that skew younger and affluent, as well as driving high rates of repeat orders," Charles added. Investors have more reason to be excited about QSR thanks to its new Popeye’s chicken sandwich launch. After its widely successful August 12 launch left several locations sold out, management stated it blew through the inventory of chicken filets a month ahead of schedule thanks to intense social media buzz. All of this played into Charles’ conclusion that QSR is poised to soar. As a result, the five-star analyst reiterated his Buy rating and $85 price target on August 29. He believes shares could gain 13% over the next twelve months.Wall Street appears to mirror the analyst’s sentiment. QSR boasts a ‘Strong Buy’ analyst consensus and an $82 average price target, implying 8% upside potential. The Bottom LineThe results are in and according to Wall Street analysts, QSR is the top pick. While the Stock Comparison tool shows that BYND's gain was the largest, QSR is the long-term winner as it comes out on top in terms of both analyst consensus as well as upside potential. Find Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
(Bloomberg) -- There’s been a frenzy over Popeyes’s chicken sandwiches. Now the craze is spilling over to its bonds.Restaurant Brands International Inc., the owner of Popeyes, sold $750 million of debt Friday in an upsized deal at some of the cheapest rates ever for a junk-rated bond, according to people with knowledge of the matter who asked not to be identified because the information is private. The 3.875% yield is the lowest for securities maturing in eight years or more in the U.S. high-yield market since at least 2014, according to data compiled by Bloomberg.“This is a good data point for just how stretched the search for yield is globally,” said John McClain, a high-yield portfolio manager at Diamond Hill Capital Management. “Every stone has been overturned.”The price underscores how hungry investors are to get their hands on higher paying securities, especially ones with BB ratings that carry less risk than the most speculative of junk bonds. Earlier this week another food-related seller, Yum! Brands Inc., priced $800 million of debt in an upsized deal to pay 4.75%. Those bonds are now quoted at about 102 cents on the dollar.Popeyes sold out of its famous chicken sandwich in late August -- just two weeks after its launch -- as crowds descended on its stores, eager to try a menu item that had become a social-media sensation.(Updates bond size and pricing in second paragraph.)\--With assistance from Lisa Lee.To contact the reporters on this story: Sally Bakewell in New York at email@example.com;Gowri Gurumurthy in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Natalie Harrison at email@example.com, Boris Korby, Allan LopezFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A tiny club in the corporate bond market could soon admit a new member in Restaurant Brands, owner of chain restaurants like Popeyes and Burger King, which is expected to issue a junk-rated bond on Friday with a coupon below 4 per cent. The unusually low borrowing cost for the company exemplifies the hunger among investors to own US corporate bonds after a global bond rally starved them of yield across the rest of the world. The 8.5-year, $500m bond was marketed by bankers with a coupon of 3.875 per cent, according to people familiar with the deal.
Bill Ackman’s Pershing Square Holdings netted gains of 3.5% in August, in sharp contrast to the losses posted by the major stock benchmarks in the month.
Restaurant Brands International (NYSE:QSR) got a late start in the food game. It was launched in August 2014 but has since accumulated three of the hottest quick service franchises in North America today.Source: Shutterstock Under QSR stock's umbrella is Canada's version of Dunkin (NASDAQ:DNKN), Tim Horton's. In the U.S. QSR operates Burger King and Popeye's.Each of these brands is independently operated. QSR is the holding company. It began as a merger between Burger King and Tim Horton's in 2014, then Popeye's was added in 2017. It's the fifth-largest quick service company in the world.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Deeply Discounted Energy Stocks to Buy The names in its brand connote much more than size and power. They are actually some of the most beloved names in fast food. It's the quality products and distinctive identities of these brands that really add value to Restaurant Brands International and QSR stock. QSR Stock's New BFF: A Chicken SandwichA perfect example is the recent furor over Popeye's chicken sandwich launch. For months before the launch there was an untold numbers of stories out there talking about the Chick-fil-A brand as America's most beloved chicken sandwich and fast food restaurant. Then Popeye's dropped their sandwich, and the market went nuts.Now, the stories are about how incredible the sandwich is. The CEO is even doing interviews apologizing for not expecting the enormous popularity of the sandwich. The sandwiches sold out in most stores in a matter of days. And there are accounts of people pulling guns on employees, demanding the sandwiches.That is how you change a news cycle and attract diners. Quirky marketing might be smart, but the best way to attract and keep customers is by serving good food; and food your customers want.While Burger King is like the smart-alecky, smaller younger brother to McDonald's (NYSE:MCD) who can't fight him toe-to-toe, so he just annoys him to no end, Tim Horton's is the quiet down-to-earth older brother to Dunkin' and hipster sister Starbucks (NASDAQ:SBUX).And Popeye's marches to the beat of its own drummer as well. All make for a compelling company that goes about its business making money around the world.Tim Horton's has 850 restaurants in the U.S. - Michigan, Indiana, Ohio, New York, West Virginia, Kentucky, Pennsylvania, Maine - and 4,400 systemwide, with most of the remainder in Canada. Bottom Line on Restaurant Brands International StockQSR stock is up 44% year to date and 31% in the past 12 months, plus it delivers a very respectable 2.55% dividend.Obviously, QSR stock is gaining some attention at this point. But this is the kind of stock that is attractive in this sector because its brands are somewhat unconventional. They attract younger customers that are looking for quality brands that stand for more than just cheap food to stuff in their mouths.Bear in mind that the company recently released that it will be launching a secondary share offering of just under 1.7 million shares later this month. The public float is 268 million shares, so this won't be too dilutive.Regardless of how well or poorly the economy is moving forward, QSR stock should continue to do well as its price points and quality products make it attractive to consumers in all seasons.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Restaurant Brands International Stock's Market Keeps Growing appeared first on InvestorPlace.
The Dow Jones rose for the week on hopeful China trade news. Best Buy, Burlington Stores, Ollie's Bargain Outlet earnings and a J&J; opioid ruling were notable news.
(Bloomberg) -- A social media frenzy means Popeyes quickly ran out of its new, instantly iconic chicken sandwiches. Meanwhile, the U.S. poultry market is bursting with oversupply.U.S. chicken companies are forecast to process a record 43.3 billion pounds of the meat in 2019, government data show. So why isn’t that enough to meet demand for the new sandwich? It comes down to needing a specific product at a specific time.When restaurant chains contract with suppliers, they often have tight product specifications and buy a set volume, said Tom Elam, a consultant for the poultry industry. Specifications can include seasonings, coatings, and the size and thickness of the cut with very little variation, he said. In other words, there’s a glut of meat, but not all of it’s ready for Twitter sandwich fame.How Popeye’s Chicken Sandwich Harnessed Social Media (Podcast)“They can’t just turn this stuff on and off,” Elam said. Suppliers often can’t “make more of that particular product spec in a short amount of time,” he said.So Popeyes has to replenish its stockpile of custom-made chicken for its sandwich, and the restaurant chain is currently working with suppliers to build up its inventory, spokeswoman Brooke Scher Mogan said by email. There’s currently no set date for the relaunch. Popeyes on Tuesday announced on its Twitter page that the sandwich had sold out less than a month after it was first offered nationally.It’s striking that the chicken sandwich is facing shortages at a time when many restaurants are going all in on plant-based proteins.Popeyes’ sister companies, Burger King and Tim Hortons, all owned by Restaurant Brands International Inc., recently started serving wildly popular plant-based offerings, but neither appear to be facing tight supplies.“It’s a hard task to demand plan for products, and it becomes exponentially harder when you’re talking about a new menu item,” said David Maloni, executive vice president of analytics at commodity researcher ArrowStream. “It’s not uncommon to be off.”To contact the reporters on this story: Lydia Mulvany in Chicago at firstname.lastname@example.org;Leslie Patton in Chicago at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Millie Munshi, Patrick McKiernanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Popeyes' viral chicken sandwich is suffering a shortage, but the Cajun fast-food chain has a solution for customers: bring your own bun. Yahoo Finance's Jennifer Rogers, Myles Udland, and Rick Newman discuss.