Tim Hortons, Burger King owner Restaurant Brands global Inc’s profit

The shares rose 0.6 percent to $30.32 on Monday in New York. (NYSE:QSR). Zacks simplified system places wall street research brokerage recommendations into a one to five scale.

Out of 3 analysts covering Restaurant Brands (NYSE:QSR), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Restaurant Brands global Inc., Parker Alan had sold 9,850 shares worth of $432,317 in a transaction dated August 6, 2015.

Restaurant Brands reported an overall profit of $49.6 million, or 24 cents a share, in its latest quarter.

Restaurant Brands’ stock closed at C$50.17 on Monday, up a little more than 10 percent so far this year. The heightened volatility saw the trading volume jump to 1,197,673 shares. RBC Capital reiterated a “buy” rating and set a $48.00 target price on shares of Restaurant Brands global in a research report on Monday, September 28th. The most bearish research analyst has a conservative target of $40 on the stock. The company’s market capitalization is $7.75 billion.

Investors will mark their calendars when Restaurant Brands worldwide Inc.

Restaurant Brands global Inc., owner of the Burger King and Tim Hortons chains, posted third-quarter profit that topped analysts’ estimates after menu items like Fiery Chicken Fries helped attract customers. As of September 28, 2014, Tim Hortons had 4,590 system broad restaurants, including 869 in the United States 3,665 in Canada and 56 in the Gulf Cooperation Council.

Tim Hortons has locations on seven Canadian military bases and four American bases, and operated a store on a base in Kandahar, Afghanistan from 2006-2011. BURGER KING is a fast food burger chain.