Burger King Worldwide Given Consensus Recommendation of “Buy” by Brokerages (NYSE:BKW)
Shares of Burger King Worldwide (NYSE:BKW) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Analyst RN reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $28.20.
Burger King Worldwide (NYSE:BKW) opened at 26.09 on Wednesday. Burger King Worldwide has a 1-year low of $18.86 and a 1-year high of $27.97. The stock’s 50-day moving average is $26.66 and its 200-day moving average is $25.99. The company has a market cap of $9.182 billion and a P/E ratio of 34.73.
Burger King Worldwide (NYSE:BKW) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $261.20 million for the quarter, compared to the consensus estimate of $260.53 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts predict that Burger King Worldwide will post $0.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, August 8th. This is a boost from Burger King Worldwide’s previous quarterly dividend of $0.07.
A number of analysts have recently weighed in on BKW shares. Analysts at Zacks reiterated an “outperform” rating on shares of Burger King Worldwide in a research note on Tuesday, August 5th. They now have a $32.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Burger King Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, June 23rd. Finally, analysts at Morgan Stanley initiated coverage on shares of Burger King Worldwide in a research note on Tuesday, May 27th. They set an “equal weight” rating on the stock.
Burger King Worldwide, Inc is a fast food hamburger restaurant, under the Burger King brand. The Company generates revenues from three sources: franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and fees paid by franchisees; property income from properties that it leases or subleases to franchisees, and retail sales at Company restaurants.
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