ELECT 24 Top Ad

Burger King Parent Slips on Revenue Miss

The stock is slipping below its year-to-date breakeven level today

Deputy Editor
Oct 25, 2021 at 10:35 AM
facebook X logo linkedin


The shares of Restaurant Brands International (NYSE:QSR) are down 4.2% to trade at $59.40 at last check, after the company reported third-quarter earnings of 76 cents per share, which is two cents higher than analyst estimates, and revenue just barely below estimates. The Burger King parent noted labor challenges and Covid-19 pressures, and also had stiff competition as Wendy's (WEN) and McDonald's (MCD) unveiled new menu items. 

Today's negative price action has Restaurant Brands stock dipping below its year-to-date breakeven. QSR has been chopping lower on the charts since its May 3 two-year high of $71.12. Overhead pressure at the 80-day moving average kept a cap on the stock's attempt at a September rally, and the equity is currently on track for its third-straight monthly loss.

Of the 19 analysts in coverage, 11 carry a "buy" or better rating on QSR, with eight a tepid "hold." Meanwhile, the 12-month consensus price target of $72.47 is a 22.2% premium to current levels. 

The stock's typically quiet options pits are seeing much more action than usual straight off the bat this morning, with options volume running at five times what's typically seen. The November 60 put is the most popular, followed by the November 55 put. 

 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

VOLATILITY SCORECARD

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD