BMO Capital Markets Initiates Coverage on Restaurant Brands International (QSR)
Stock analysts at BMO Capital Markets initiated coverage on shares of Restaurant Brands International (NYSE:QSR) in a report issued on Friday. The firm set an “outperform” rating on the stock.
QSR has been the topic of several other research reports. Piper Jaffray Cos. reiterated an “overweight” rating and set a $52.00 price objective on shares of Restaurant Brands International in a research report on Monday, August 29th. Longbow Research lowered shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a report on Monday, September 26th. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a report on Thursday, October 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Restaurant Brands International in a report on Wednesday, June 22nd. Finally, TheStreet raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Restaurant Brands International presently has an average rating of “Buy” and an average target price of $44.91.
Restaurant Brands International (NYSE:QSR) opened at 43.56 on Friday. Restaurant Brands International has a one year low of $29.28 and a one year high of $49.12. The firm has a 50-day moving average of $45.53 and a 200 day moving average of $43.26. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 40.33 and a beta of 1.79.
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Restaurant Brands International (NYSE:QSR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Restaurant Brands International had a net margin of 11.02% and a return on equity of 20.00%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Equities research analysts predict that Restaurant Brands International will post $1.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 6th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, September 1st. Restaurant Brands International’s dividend payout ratio (DPR) is 59.26%.
In other news, Director Ali Hedayat acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $954,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Motta Roberto Moses Thompson acquired 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average price of $46.98 per share, with a total value of $1,033,560.00. Following the completion of the acquisition, the director now directly owns 7,440 shares of the company’s stock, valued at $349,531.20. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Restaurant Brands International by 322.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,755 shares of the company’s stock valued at $202,000 after buying an additional 2,866 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Restaurant Brands International during the first quarter valued at $217,000. BlackRock Institutional Trust Company N.A. purchased a new stake in Restaurant Brands International during the first quarter valued at $251,000. Haverford Trust Co. purchased a new stake in Restaurant Brands International during the second quarter valued at $276,000. Finally, HBK Investments L P purchased a new stake in Restaurant Brands International during the first quarter valued at $313,000. Hedge funds and other institutional investors own 73.59% of the company’s stock.
Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.
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