Burger King Worldwide Sets New 1-Year High at $32.85 (BKW)
Shares of Burger King Worldwide (NYSE:BKW) hit a new 52-week high during trading on Monday , AnalystRatingsNetwork reports. The company traded as high as $32.85 and last traded at $32.52, with a volume of 12,867,885 shares. The stock had previously closed at $27.11.
BKW has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Burger King Worldwide to a “buy” rating in a research note on Monday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Burger King Worldwide has an average rating of “Buy” and a consensus target price of $28.20.
The stock has a 50-day moving average of $26.55 and a 200-day moving average of $26.21. The company has a market cap of $11.545 billion and a price-to-earnings ratio of 36.15.
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 1.18%. The ex-dividend date is Friday, August 8th. This is a boost from Burger King Worldwide’s previous quarterly dividend of $0.07.
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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