Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Restaurant Brands International during the third quarter worth $205,000. Restaurant Brands International shares last traded at $53.80, with a volume of 2,775,793 shares changing hands. According to their predictions High & Low revenue estimates are 1.15 Billion and 1.07 Billion respectively. The Stock now has the market capitalization of $12.6 Billion, P/E (price to earnings ttm) of 44.8 and Weekly volatility of 2.33% and monthly volatility of 1.74% respectively. It has since expanded to more than 2,000 restaurants, of which 1,600 are in the United States. On average, analysts forecast that Restaurant Brands International will post $1.75 EPS for the current year. Both brands saw impressive growth in system-wide sales with Tim Hortons registering 5.2% growth and Burger King seeing 7.8% growth. Huntington National Bank boosted its position in Restaurant Brands International by 46,600.0% in the second quarter. Restaurant Brands has also been considering the acquisition of other companies, one of the people added.
For Tim Hortons, the theme of the past few quarters has been expansion, and that is likely to continue over the next year.
Restaurant Brands International Inc is a quick service restaurant (QSR) company. In the same period previous year, Tim Hortons' same-store sales in Canada surged 6.4 per cent.
Popeyes, whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb.
The company opened 85 Tim Hortons locations in Canada, 26 in the USA and 11 internationally.
The approach to expansion that Tim Hortons has adopted mirrors what Burger King has used and been very successful with.
Comps rose 2.8% at Burger King, an impressive achievement compared to many of its burger-flipping rivals that struggled to grow sales at the unit level. Put another way, Burger King's comps for the holiday quarter have risen 6.8% over the past two years. Popeyes declined to comment, while Restaurant Brands did not immediately respond to a request for comment. Wells Fargo & Company MN now owns 191,128 shares of the company's stock worth $8,521,000 after buying an additional 1,239 shares in the last quarter. While Restaurant Brands has impressively become a profitable and efficient company, that debt, which is shrinking, still looms over the company. Analysts mean target price for Restaurant Brands International Inc.
That being said, strong returns, an aggressive and, to date, successful expansion plan, and an increasing dividend all make Restaurant Brands a likely candidate for nearly any portfolio.
Fool contributor Demetris Afxentiou has no position in any stocks mentioned. (NYSE:QSR) (TSE:QSR) shares gapped up before the market opened on Monday after the company announced better than expected quarterly earnings.