Burger King Worldwide Stock Rating Upgraded by Bank of America (BKW)
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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