Restaurant Brands International profit increases 233% in 2016

Earnings grew 26% to 44 cents a share on 5% revenue growth to $1.111 billion, ahead of estimates for 42 cents EPS on $1.106 billion in sales, according to Thomson Reuters.

Its net income for the 12 months ended December 31 more than tripled to US$345.6 million, or $1.45 per share, including US$118.4 million or 50 cents per share in the fourth quarter.

Restaurant Brands shares have climbed almost 8 percent since the beginning of the year. Aviva PLC increased its position in shares of Restaurant Brands International by 5.9% in the fourth quarter. He rates the stock at overweight with a 52 price target. They now have a C$52.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Restaurant Brands International Inc.is based in Canada. Restaurant Brands International had a return on equity of 20.84% and a net margin of 11.77%. The firm has a 50-day moving average price of $49.09 and a 200 day moving average price of $46.82. Comparable sales are considered a key indicator of a retailer's health, since they measure only the performance of stores open at least 12 months. Finally, ING Groep NV bought a new position in shares of Restaurant Brands International during the fourth quarter worth about $776,000. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. Keybank National Association OH increased its position in shares of Restaurant Brands International by 15.7% in the fourth quarter. The prior-year quarter was hurt by restructuring charges. Commerzbank Aktiengesellschaft FI increased its position in shares of Restaurant Brands International by 21.4% in the fourth quarter. In the past week, the company has outperformed the S&P 500 by 2.67% and the outperformance has advanced to 1.47% for the last 4 weeks period. Institutional investors and hedge funds own 72.78% of the company's stock. (NYSE:QSR): On Friday heightened volatility was witnessed in Restaurant Brands International Inc. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories.

In the fourth quarter, Restaurant Brands realized comparable sales growth of 2.3% at Burger King and 2.5% at Tim Hortons.

  • Zachary Reyes