Restaurant Brands International (QSR) : Traders are bullish on Restaurant Brands International (QSR) as it has outperformed the S&P 500 by a wide margin of 5.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.8% in the last 1 week, and is up 6.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Restaurant Brands International Inc. is up 17.12% in the last 3-month period. Year-to-Date the stock performance stands at 28.95%. The stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 9.28%.
Restaurant Brands International (NYSE:QSR): The stock opened at $48.12 on Friday but the bulls could not build on the opening and the stock topped out at $48.12 for the day. The stock traded down to $47.61 during the day, due to lack of any buying support eventually closed down at $47.81 with a loss of -0.42% for the day. The stock had closed at $48.01 on the previous day. The total traded volume was 535,864 shares.
Also, Equity analysts at the Brokerage firm OTR Global upgrades its rating on Restaurant Brands International (NYSE:QSR). The rating major has initiated the coverage with positive rating on the shares. Earlier, the shares were rated a Mixed by the brokerage firm. The rating by the firm was issued on July 18, 2016.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. The Company operates more than 18,000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. 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. As of September 28, 2014, Tim Hortons had 4,590 system wide restaurants, including 3,665 in Canada, 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14,000 locations serving more than 11 million guests daily in 100 countries and territories globally.