54.47 +0.02 (0.04%)
After hours: 4:02PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.87 - 55.15|
|52 Week Range||53.09 - 68.89|
|PE Ratio (TTM)||21.47|
|Forward Dividend & Yield||1.80 (3.20%)|
|1y Target Est||70.50|
Founder and president of Kynikos Associates, Jim Chanos, is betting against two popular fast food stocks. Providing the justification for his short calls on the stocks, Chanos expressed concerns about the increasing price-to-earnings ratios of the restaurant stocks as the business continues to struggle. Following the update, shares of NYSE-listed Restaurant Brands opened around 3% lower during the pre-market hours, though they managed to pair some part of the losses and were trading at $54.50, down around 0.75% compared to Wednesday’s closing price.
Chanos reveals he's targeting four stocks in two industries: fast food and health care. He also blasts his old punching bag Tesla.
Shares of Dunkin' Brands and Restaurant Brands International (QSR), which is Burger King's parent company, are in negative territory after Jim Chanos, the investor who famously shorted Enron, told CNBC Thursday morning that he's taken short positions in both names. To support his thesis, Chanos pointed to Carrols Restaurant Group, a publicly-traded company that is Burger King's largest franchisee in the United States (it owns more than 800 restaurants). In his view, the financials of Carrols and QSR are "night and day," because "Carrols is growing revenues but at expense of margins.
At Tim Horton’s, home of the hot Double Double, things have cooled. Restaurant Brands (QSR), which also owns Burger King and Popeye’s Louisiana Kitchen, has outperformed the S&P by about 7 points since it was formed in late 2014. Tim Horton’s, a Canadian institution named for its co-founder—who, perhaps obviously, was an ice hockey star—is a big reason for that.
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The founder and president of Kynikos Associates reveals that he's betting against two fast food stocks.
Revenue growth at Burger King and Popeye's, along with favorable tax rate, favor Restaurant Brands' (QSR) first-quarter earnings.
A new burger and a spicy chicken sandwich sold well at Burger King, helping boost profits for its owner Restaurants Brands. Tim Hortons, where sales fell 0.3 percent at existing locations, will renovate most of its nearly 4,800 stores in the next four years. Increasing competition from other coffee sellers hurt sales, Schwartz said.
Restaurant Brands International Inc. (NYSE: QSR), the parent company of Burger King, Popeyes Louisiana Kitchen, and Tim Hortons, bucked the trend on Tuesday by rallying 5% as the S&P 500 tanked 1.6%. RBI’s outperformance can be attributed to its very strong Q1 2018 earnings release prior to the market opened, so let’s take a quick look at some of the most notable financial statistics from the three-month period ended March 31, 2018, compared with the same period in 2017:MetricQ1 2018Q1 2017ChangeRevenue$1,253.8 million$1,000.6 million25.3%Adjusted EBITDA$497.8 million$443.3 million12. ...
The revamp, unveiled by managers on a conference call with analysts on Tuesday, followed first-quarter results which suggested initiatives including cheaper meals and new breakfast options were bearing fruit at Burger King outlets. Politicians have criticized Hortons for its reaction to minimum wage increases in Ontario, while a group of franchisees has alleged Restaurant Brands is not keeping to the terms of a 2014 deal to buy the chain. "The environment's competitive and the fact that there's a ton of negative media created by this group of franchisees is also hurting guest perception," Chief Executive Daniel Schwartz said on the post-earnings call.
During the first quarter of the year, Restaurant Brands International Inc reported revenue of $1.25 billion. It also beat out Wall Street’s revenue estimate of $1.15 billion for the quarter, which is good news for QSR stock. Restaurant Brands International Inc notes that Burger King’s comparable sales for the first quarter of the year were up 3.8%.
Restaurant Brands International told investors Tuesday that it's about to make major changes at its Canadian-based coffee chain Tim Hortons.
Burger King owner Restaurant Brands International Inc and its franchisees will spend C$700 million ($546 million) over four years to revamp coffee chain Tim Hortons, following a round of bad publicity over its management of the Canadian chain. The revamp, unveiled by managers on a conference call with analysts on Tuesday, followed first-quarter results which suggested initiatives including cheaper meals and new breakfast options were bearing fruit at Burger King outlets. Politicians have criticized Hortons for its reaction to minimum wage increases in Ontario, while a group of franchisees has alleged Restaurant Brands is not keeping to the terms of a 2014 deal to buy the chain.
Restaurant Brands (QSR) surpasses earnings estimates but revenues lag consensus mark per the previous revenue recognition accounting standard
Burger King owner Restaurant Brands International Inc reported a 7 percent rise in first quarter revenue under its previous accounting standards, as more diners visited its fast food restaurants. Net income ...
Restaurant Brands International Limited Partnership (TSX:QSP.UN) is currently trading at a trailing P/E of 19.3x, which is higher than the industry average of 16.4x. While this makes QSP.UN appear likeRead More...
Many major chains didn't rate well in Market Force Information's 2018 survey; respondents tended to favor smaller, regional players.
Starbucks Corporation (NASDAQ:SBUX) CEO Kevin Johnson is currently facing his biggest challenge since replacing Howard Schultz as the company’s chief executive a year ago. Genuine leadership in business circles is a rare thing these days. Certainly, what happened in Philadelphia was a big one.
The Canadian government is looking into complaints that Restaurant Brands International is not meeting the terms set out by Ottawa when it allowed the takeover of coffee and doughnut chain Tim Hortons, a government spokesman said on Friday. Lawyers representing a group of Tim Hortons franchisees sent a letter to Innovation Minister Navdeep Bains earlier this month alleging Restaurant Brands has not lived up to commitments including maintaining the rent and royalty structure of Canadian franchises. The terms were part of the previous Conservative government's agreement to clear the takeover of Tim Hortons, which is considered a Canadian icon.
Today we’re going to take a look at the well-established Restaurant Brands International Inc (NYSE:QSR). The company’s stock saw significant share price volatility over the past couple of months onRead More...
On April 3, 2018, McDonald’s (MCD) was trading at $160.40. On the same day, analysts expected the company’s stock price to reach $187.04 in the next 12 months, which represents a return potential of 16.6%.