Burger King announced of testing a vegetarian version of its Whopper burger made with plant-based Impossible Burger and the results are stupendous. Made with plant-based meat substitutes, the Impossible Whopper is released in test markets and in some locations like St. Louis it has outperformed national foot traffic average by 18.5% in April which is 16.75% higher than the previous month’s average.
This could offset Burger King’s declining same-store sales growth. During Q1, the company reported same-store sales growth of 2.2%, down from 3.8% a year earlier. Impossible Whopper has the potential to break that trend.
Analysts believe that plant-based meat alternatives have the power to disrupt the meat category like plant-based milk drinks disrupted diary and energy drinks disrupted caffeinated beverages.
Impossible Foods, the original inspiration for plant-based burgers, raised $300 million in its latest funding cycle. It has already introduced Impossible Burger to restaurants like Red Robin and Qdoba.
They said the burgers have been such a hit, that Impossible Foods is increasing the number of hours for employees in places like Oakland, California to meet the rising demand. Currently, it is working on putting plant-based sausage in pizza.
Another plant-based meat manufacturer, Beyond Meat, saw its stock rise 218% after it went public earlier this month. It has also signed a deal with Zandbergen World’s Finest Meat to roll out products at its Dutch facility by the first quarter of 2020.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where QSR advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for QSR just turned positive on November 19, 2024. Looking at past instances where QSR's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where QSR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on QSR as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
QSR moved below its 50-day moving average on December 05, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for QSR crossed bearishly below the 50-day moving average on November 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QSR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for QSR entered a downward trend on November 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.978) is normal, around the industry mean (10.778). P/E Ratio (17.479) is within average values for comparable stocks, (57.470). Projected Growth (PEG Ratio) (1.388) is also within normal values, averaging (1.858). Dividend Yield (0.033) settles around the average of (0.037) among similar stocks. P/S Ratio (3.978) is also within normal values, averaging (8.704).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. QSR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of restaurants
Industry Restaurants