FMP
Sep 30, 2023 12:26 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
Loop Capital analysts upgraded Restaurant Brands International (NYSE:QSR) to a Buy rating from Hold and set a price target of $81.00 for the stock in response to the results from checks, which exceeded expectations.
According to Loop Capital's recent assessments of Burger King, same-store sales have been trending upward, experiencing a growth rate of approximately 8.5-9.0% from the beginning of the quarter through late September. This growth surpasses the Street estimate of a 7.7% increase for the third quarter. When viewed over a two-year period, this 8.5-9.0% growth equates to a substantial gain of 12.5-13.0%. This represents a significant improvement compared to Burger King's reported two-year domestic growth of 8.7% in the second quarter of 2023.
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A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
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Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
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In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...