Burger King Worldwide’s “Equal Weight” Rating Reiterated at Barclays (BKW)
Burger King Worldwide (NYSE:BKW)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research note issued on Thursday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $26.00. Barclays’ price objective indicates a potential downside of 11.30% from the stock’s previous close.
A number of other analysts have also recently weighed in on BKW. Analysts at Bank of America upgraded shares of Burger King Worldwide from an “underperform” rating to a “buy” rating in a research note on Monday, August 25th. 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 analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Burger King Worldwide currently has an average rating of “Buy” and an average price target of $29.20.
Burger King Worldwide (NYSE:BKW) traded down 0.76% on Thursday, hitting $33.5636. The stock had a trading volume of 223,969 shares. Burger King Worldwide has a one year low of $18.86 and a one year high of $34.20. The stock has a 50-day moving average of $27. and a 200-day moving average of $26.. The company has a market cap of $11.812 billion and a P/E ratio of 45.09.
Burger King Worldwide (NYSE:BKW) last issued its quarterly earnings data 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 $0.98 earnings per share for the current fiscal year.
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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