27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
- Several analysts are upbeat on the growth prospects of Restaurant Brands International Inc (NYSE:QSR) and raised the price target.
- Analysts are impressed with Tim Horton parent company's strong Q1 2023 earnings beat.
- The company's Q1 revenues rose 9.6% Y/Y to $1.59 billion, beating the consensus of $1.56 billion. Adjusted EPS of $0.75 beat the analyst consensus of $0.64.
- At Outperform rating, RBC Capital increased the price target to $84 from $81, Credit Suisse to $79 from $74 and Evercore ISI Group to $80 from $75.
- Maintaining the Overweight rating, Barclays raised the price target to $84 from $78 and Keybanc to $82 from $76.
- At a Neutral rating, Baird boosted the price target to $74 from $66 and Citigroup to $74 from $70.
- Maintaining a Buy rating, UBS increased the price target to $82 from $75 and Truist Securities to $80 from $78.
- Stifel boosted the price target to $72 from $65 at a Hold rating.
- Stephens & Co raised the price target to $72 from $68 at an Equal-Weight rating.
- Stephens & Co analyst Joshua Long revised estimates for Q2 2023 adjusted EBITDA to $622 million from $620 million and adj. EPS to $0.74 from $0.75. FY23 adjusted EBITDA estimate now stands at $2.537 billion (from $2.518 billion) and adjusted EPS at $3.14 (from $3.08).
- RBC Capital analyst Christopher Carril raised estimates for 2023 revenues to $7.040 billion from $6.949 billion and adjusted EPS to $3.18 from $2.99.
- Price Action: QSR shares are trading lower by 0.17% at $72.04 on the last check Wednesday.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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