Popeyes sells for $1.8 billion to Burger King, Tim Hortons parent company
(NYSE:QSR) reported the earnings of $0.44/Share in the last quarter where the estimated EPS by analysts was $0.42/share. There may be various price targets for a stock. Restaurant Brands International, meanwhile, is enjoying a 6.4% gain in Tuesday trading. The new offer is said to be mostly cash, with little shares involved.
While both Restaurant Brands worldwide and Popeye's refused to comment on the merger rumors, and though the latter's stock soared initially on the report before coming back down when nothing materialized right away, there are analysts who are doubtful the story is real.
This deal, according to some investors, will be likely valuing Popeye's at more than a sum total of 1.7 billion dollars.
This year, the company showed a solid 10.5 percent of growth. Maxim Group boosted their target price on shares of Popeyes Louisiana Kitchen from $63.00 to $70.00 and gave the company a "hold" rating in a report on Tuesday, February 14th. The stock presently has a consensus rating of "Hold" and a consensus price target of $61.15. 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.
RBI gets a brand that under CEO Cheryl Bachelder has become one of the strongest performing quick-service chains on Wall Street.
Many research firms have provided their ratings on Restaurant Brands International Inc. Company has a market cap of $13,515 M. The Stock now has the market capitalization of $13.49 Billion, P/E (price to earnings ttm) of 47.96 and Weekly volatility of 2.70% and monthly volatility of 2.04% respectively. Popeyes Louisiana Kitchen has a 52 week low of $49.11 and a 52 week high of $78.86. Hosking Partners LLP now owns 74,220 shares of the company's stock worth $3,944,000 after buying an additional 8,744 shares during the period. P/E (price to earnings) ratio is 47.96 and Forward P/E ratio of 24.83. As far as the returns are concern, the return on equity was recorded as 126.40% and return on investment was 27.90% while its return on asset stayed at 16.50%.
When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 0.
While looking at the Stock's Performance, Restaurant Brands International Inc. now shows a Weekly Performance of 7.06%, where Monthly Performance is 18.49%, Quarterly performance is 25.69%, 6 Months performance is 21.31% and yearly performance percentage is 78.62%. (NASDAQ:PLKI) soared 30.18% year-to-date.
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