Long Position on QSR @ $76.00 on 8/27/2019 (Momentum)

Restaurant Brands International Inc. (QSR) owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names.

The company operates through three segments: TH, BK, and PLK.

Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

As of December 31, 2017, the company owned or franchised a total of 4,748 TH restaurants, 16,767 BK restaurants, and 2,892 PLK restaurants in approximately 100 countries and U.S. territories worldwide.

Shares of this company has formed a bullish "cup and handle" following its recent quarterly report.  Higher share prices are expected for this stock.

Restaurant Brands International (QSR) reported 2nd Quarter June 2019 earnings of $0.71 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.67 per share on revenue of $1.4 billion.  Revenue grew 4.2% on a year-over-year basis.

Entry Point: $76.00

Stop Loss: $72.20

Trading Range: $50.20 to 78.26

Target Price: $83.50

Updates

11/4/2019 10:54:55 AM

closed at $65

Position closed on 11/4/2019 at price of $65.00 with a -14.47% loss in 69 days.

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