Burger King’s veggie plunge seems to be paying off in healthy traffic.
The Restaurant Brands International-owned fast food chain started testing a vegetarian version of its Whopper, made with the plant-based Impossible Burger, in several cities starting April.
According to a report from inMarket inSights, Burger King locations in its test market, St. Louis, outperformed the chain’s national foot traffic average by 18.5% in April. The city’s Burger King stores experienced 16.75% higher foot traffic in April than the previous month’s average for all U.S. Burger Kings. Outside St. Louis, stores had a decrease in foot traffic by 1.75% from March’s average, according to the study (as reported by CNBC).
During its first quarter, the chain reported same-store sales growth of 2.2%, down from 3.8% a year earlier. Sales could potentially improve once the plant-based options are expanded into more cities, given the apparent popularity of the Impossible Whopper.
Another fast food giant, McDonald’s, is considering plant-based alternatives for its burgers.
Amidst the growing trend of restaurants offering plant-based food, Impossible Foods - the maker of the plant-based Impossible Burger - raised $300 million in its latest funding round.
The RSI Indicator for QSR moved out of oversold territory on April 22, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In of the 29 cases the stock moved higher. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on QSR as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for QSR just turned positive on April 23, 2024. Looking at past instances where QSR's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QSR advanced for three days, in of 324 cases, the price rose further within 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 .
QSR moved below its 50-day moving average on April 03, 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 April 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .
QSR broke above its upper Bollinger Band on April 30, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for QSR entered a downward trend on April 25, 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 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (7.905) is normal, around the industry mean (4.143). P/E Ratio (19.176) is within average values for comparable stocks, (53.655). Projected Growth (PEG Ratio) (1.883) is also within normal values, averaging (1.984). Dividend Yield (0.030) settles around the average of (0.035) among similar stocks. P/S Ratio (4.710) is also within normal values, averaging (3.262).
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 83, placing this stock slightly better than average.
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 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