In the recent fiscal year, the company delivered strong profitability growth and accelerated the pace of restaurant development at both chains.
QSR has been the topic of several other reports. The stock recently closed its previous session at $78.73 by showing a percentage change of 19.07% from its previous day closing price of $66.12.
Popeyes' average unit economics also made it appealing to Restaurant Brands: in 2015, Popeyes stores did an average of $1.37 million in sales per unit, up from $1.29 million in the prior year. Shares rose more than 7% Tuesday. Jefferies Group LLC reissued a "hold" rating and set a $63.00 price target on shares of Popeyes Louisiana Kitchen in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. He suggested that this could mean that Restaurant Brands is not "ready to acquire another brand". (PLKI) in the open market. Popeyes has a market value of about $1.37 billion, while Restaurant Brands is worth $25 billion. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 22.03%. Restaurant Brands International has a 12-month low of $31.58 and a 12-month high of $57.98. RBI's management is expected to continue to operate the USA business. The Company showed a positive 5.60% in the net profit margin. Granite Investment Partners LLC owned approximately 0.87% of Popeyes Louisiana Kitchen worth $9,884,000 at the end of the most recent reporting period. Additionally, Longbow Downgrade its ratings on the stock to Neutral.
SodaStream recalls thousands of bottles for explosion risk
The problem has to do with the bottle's ability to stand up to the pressure that the carbonation process puts on it. The affected bottles have an expiration date of April 2020, and were sold between February 2016 and January 2017.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Brands' board, increases the odds that Yum! will remain independent. Restaurant Brands International's dividend payout ratio (DPR) is presently 46.90%.
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However, New Jersey fans of the franchise may have much to celebrate. Flinton Capital Management LLC bought a new stake in Restaurant Brands International during the fourth quarter worth $175,000.
Popeyes Louisiana Kitchen, Inc operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. Its acquisition by RBI adds one of the world's largest fast food chicken chains to a portfolio that already includes more than 20,000 restaurants in more than 100 countries.
Burger King merged with Tim Horton's restaurants in 2014 in an $11 billion deal, creating the RBI holding company.
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