Popeye’s targets chicken wings

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL, $74.49, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $33.3 billion; Dividend yield: 3.0%) will now see its Popeyes chain add chicken wings permanently as a menu item. The company is vying to be a top player in the competitive category, which already has plenty of offerings from rivals like Wingstop, Bojangles and KFC. Over the past few years, Popeyes has brought wings to the menu on a limited-time basis. But the company says that customer interest has now earned the items a permanent place on the menu. Restaurant Brands is still a buy. buy. …