|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||111.21 - 112.13|
|52 Week Range||77.68 - 112.13|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||26.32|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.68 (1.51%)|
|1y Target Est||105.70|
In an industry, which is increasingly reliant on digital services, five restaurant stocks stand to report better-than-expected earnings in the second quarter of 2019.
Investing.com - Chipotle Mexican Grill reached an all-time high on Monday after Piper Jaffray upgraded its price target on the restaurant chain.
Restaurant Brands International (NYSE:QSR) rolled out tacos at their Burger King chain recently and the fans jeered.Source: Shutterstock It was easy to see why. The Burger King version is a thoroughly American creation of ground beef and hamburger toppings inside a crisped shell. It's not even as good as Taco Bell, the YUM! Brands (NYSE:YUM) chain that was once sued by customers claiming the meat inside wasn't actually meat.But the move does hint at something. Taco sales are up 4% in 2019. People like them. They're also cheap and easy to make. For operators dedicated to growth like Restaurant Brands International, tacos are a natural fit. Note that QSR stock has risen nearly 40% so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Brazilian MagicThe Brazilians at 3G Capital formed Restaurant Brands in 2014, combining the Burger King and Tim Horton's chains. In 2017 they added Popeye's, a chicken franchise.Under their zero-based budgeting system, in which every dollar spent must be justified every year, the chains have thrived. The shares are up 70% since the merger. There's a 50 cent per share dividend yielding 2.81%, and 2018 sales were up 17%. There is 65 cents per share of profit on $1.39 billion in sales expected for the June quarter, which will be reported July 31. * 10 Stocks to Buy for Less Than Book It's a stark contrast to 3G's other big deal, Kraft Heinz (NASDAQ:KHC), which has been a disaster for shareholders since its formation at the start of 2015. Those shares are down 60% despite a dividend now yielding 5.11%.Fast food yields to the zero-based touch more easily than food manufacturing. Corporate franchisees can crunch the numbers as just-another operational detail.But, as a recent lawsuit by Tim Horton's franchisees shows, you can only squeeze a concept so far. Critics have recently called QSR stock overvalued. The best way to keep growing may be with another franchise. Some Tacos?Mexican food can be a home run, if done right. Just look at Chipotle Mexican Grill (NYSE:CMG), which has now recovered from its scandals. CMG stock is up 70% so far in 2019.All this brought me to Del Taco Restaurants (NASDAQ:TACO). (I've got a little interest in Del Taco. My brother once worked in one and burned his hand in a fryer.)Del Taco has had a turbulent history but it makes a decent taco. They had sales of $505 million in fiscal 2019 and showed a small profit. The market cap is about $461 million, just short of the sales figure. QSR sells for over 3.5 times sales.Del Taco has just the right size and just the right menu for an operator who wants to make it a national franchise. The fast food business is consolidating. The last two years have seen over 70 deals in the space. Private equity groups Roark Capital and JAB Holding are gobbling up chains by the handful. They're all chasing YUM! Brands, which owns Taco Bell and McDonald's (NYSE:MCD), which has more than doubled in value under CEO Steve Easterbrook. Bottom Line on QSR StockThe trend in fast food is for good operators to expand through acquisition and squeeze out fatter margins from chains and franchises. That's QSR's business model.It's a tough business that is rapidly consolidating. There aren't many profitable operations of reasonable size left to be gobbled up. Tacos are a growing business and Del Taco would be a tasty bite for an acquirer. See how quickly QSR, or one of its rivals, pounces on it.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Restaurant Brands International: Burger King Needs a Better Taco appeared first on InvestorPlace.
The restaurant industry is buzzing, thanks to recent partnerships with delivery channels like DoorDash, Grubhub, Postmates and Uber Eats, rollout of self-service kiosks and loyalty programs.
From fried-chicken scented sunscreen to franchise development — there’s a team of women working behind the scenes on all projects at KFC U.S.
Chipotle tested a buy point Monday. Restaurant stocks from Yum Brands to McDonald's to Starbucks are acting well as a solid economy creates a favorable backdrop for dining out.
Yum! Brands' (YUM) transformation plan to drive growth is encouraging while the sales slump in the Pizza Hut division remains a concern.
A vacant retail space in Huber Heights will soon house a new restaurant. The former Radio Shack store at 6561 Brandt Pike in the Brandt Tower Plaza Shopping Center will soon become a Pizza Hut. Kelly Gray and Tracey Herron of Equity LLC represented the landlord in the lease transaction.
LOUISVILLE, Ky. , July 2, 2019 /PRNewswire/ -- Kentucky Fried Chicken® today announced free delivery through delivery partner, Grubhub , to celebrate one of our favorite days of the year, National Fried ...
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can...
After Longbow Research’s downgrade, Yum! Brands (YUM) was down 0.8% in early morning trading on July 1, while the S&P 500 Index was up more than 1.0%.
On July 1, Longbow Research downgraded the stock of Yum! Brands (YUM), which owns KFC, Pizza Hut, and Taco Bell, from a “neutral” to an “underperform.”
Taco Bell is launching a pop-up hotel in Palm Springs for two weeks in August. Rooms for the "tacoasis" sold out in two minutes.
LOUISVILLE, Ky., June 28, 2019 Kentucky Fried Chicken® and the fan-favorite Cheetos® brand today announced the nationwide launch of the Cheetos Sandwich with assistance from its newest Colonel, the most mischievous cat around: Chester Cheetah®. Chester is the first brand icon and spokescheetah to portray KFC's famous founder, Colonel Harland Sanders.
Dave & Buster's (PLAY) unique business model and various sales-boosting initiatives along with continual expansion plans are expected to drive growth despite high costs.
Fast-casual is a subset of the restaurant industry that sits somewhere between fast-food and fine dining, and the concept has caught on with the American public.
Yum Brands Inc. has named a new chief financial officer. Chris Turner, 44, will join the company as CFO effective Aug. 8. Turner most recently served as senior vice president and general manager for PepsiCo, where he led the company's retail and e-commerce business with Walmart Inc. in the U.S. and more than 25 countries, according to a news release.
Yum Brands Inc. on Wednesday said Chris Turner, 44, will join as chief financial officer, effective Aug. 8. Turner, who previously was a senior vice president at PepsiCo Inc. , will assume global responsibility for finance, corporate strategy, supply chain, and information technology. Yum shares are flat in extended trading.
Taco Bell's limited time hotel in Palm Springs started taking reservations yesterday and sold out all of its rooms in just two minutes. Yahoo Finance's Dan Roberts, Akiko Fujita and Kristin Myers discuss.
President Trump is in the international spotlight at the G-20 summit in Osaka, Japan, and he's set to meet with Chinese President Xi Jinping tomorrow. Dr. Christopher Smart, Chief Global Strategist at the Barings Investment Institute, joins Yahoo Finance to discuss what we can expect.