Burger King Worldwide Upgraded to Conviction-Buy at Goldman Sachs Group Inc. (BKW)
Burger King Worldwide (NYSE:BKW) was upgraded by Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on BKW. 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, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.79.
Burger King Worldwide (NYSE:BKW) traded up 1.72% during mid-day trading on Tuesday, hitting $23.03. The stock had a trading volume of 825,944 shares. Burger King Worldwide has a one year low of $16.08 and a one year high of $23.42. The stock’s 50-day moving average is $21.95 and its 200-day moving average is $20.38. The company has a market cap of $8.089 billion and a P/E ratio of 37.73.
Burger King Worldwide (NYSE:BKW) last announced its 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. Analysts expect that Burger King Worldwide will post $0.83 EPS 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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