Burger King Worldwide Now Covered by Analysts at Credit Suisse (BKW)
Credit Suisse started coverage on shares of Burger King Worldwide (NYSE:BKW) in a research note issued on Tuesday, American Banking News.com reports. The firm set a “neutral” rating on the stock.
Burger King Worldwide (NYSE:BKW) traded down 0.45% during mid-day trading on Tuesday, hitting $22.22. 462,418 shares of the company’s stock traded hands. Burger King Worldwide has a 1-year low of $16.08 and a 1-year high of $23.06. The stock’s 50-day moving average is $21.42 and its 200-day moving average is $20.19. The company has a market cap of $7.805 billion and a price-to-earnings ratio of 37.20.
Burger King Worldwide (NYSE:BKW) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $275.10 million for the quarter, compared to the consensus estimate of $267.25 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 39.6% on a year-over-year basis. Analysts expect that Burger King Worldwide will post $0.84 EPS for the current fiscal year.
BKW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Burger King Worldwide in a research note to investors on Tuesday, December 24th. They now have a $26.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Burger King Worldwide in a research note to investors on Monday, November 25th. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Burger King Worldwide in a research note to investors on Friday, November 8th. They set a “sector perform” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.06.
Burger King Worldwide, Inc (NYSE:BKW), formerly Justice Delaware Holdco Inc, is a fast food hamburger chain.
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