Restaurant Brands Intl saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 97.
Discover The 3 Keys To Successful Stock Investing
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Restaurant Brands Intl broke out earlier, but is now around -5% below the prior 71.50 entry from a cup with handle. If a stock you're watching clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout.
One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 8% earnings growth. It has now posted accelerating EPS gains for three consecutive quarters. Sales growth climbed 26%, up from 25% in the prior report. The company has now posted rising growth in each of the last five quarters. The company's next quarterly report is expected on or around May. 8.
Restaurant Brands Intl earns the No. 1 rank among its peers in the Retail-Restaurants industry group. Dutch Bros and Darden Restaurants are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
