Burger King Worldwide Sets New 1-Year High at $23.42 (BKW)
Burger King Worldwide (NYSE:BKW) set a new 52-week high during mid-day trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $23.42 and last traded at $22.94, with a volume of 646,038 shares. The stock had previously closed at $22.89.
BKW has been the subject of a number of recent research reports. Analysts at UBS AG initiated coverage on shares of Burger King Worldwide in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $26.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Burger King Worldwide in a research note to investors on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.06.
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 $21.68 and its 200-day moving average is $20.27. The company has a market cap of $7.998 billion and a price-to-earnings ratio of 38.15.
Burger King Worldwide (NYSE:BKW) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.17 earnings per share. Burger King Worldwide’s revenue was down 39.6% compared to the same quarter last year. On average, analysts predict that Burger King Worldwide will post $0.83 earnings per share for the current fiscal year.
Burger King Worldwide, Inc (NYSE:BKW), formerly Justice Delaware Holdco Inc, is a fast food hamburger chain.
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