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Burger King Worldwide (NYSE:BKW) was upgraded by stock analysts at Bank of America to a “buy” rating in a report issued on Monday.

Several other analysts have also recently commented on the stock. 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. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Burger King Worldwide currently has an average rating of “Buy” and a consensus price target of $28.20.

Burger King Worldwide (NYSE:BKW) traded up 20.88% on Monday, hitting $32.77. 16,638,496 shares of the company’s stock traded hands. Burger King Worldwide has a 1-year low of $18.86 and a 1-year high of $28.00. 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 $11.533 billion and a P/E ratio of 36.15.

Burger King Worldwide (NYSE:BKW) last announced its earnings results on Friday, August 1st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Burger King Worldwide will post $0.97 EPS 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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