Restaurant Brands International (QSR) Now Covered by Analysts at BMO Capital Markets
Analysts at BMO Capital Markets initiated coverage on shares of Restaurant Brands International (NYSE:QSR) in a report released on Friday. The firm set an “outperform” rating on the stock.
A number of other equities analysts have also recently weighed in on the company. OTR Global upgraded Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday, July 18th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $52.00 price target on shares of Restaurant Brands International in a report on Monday, August 29th. Longbow Research cut Restaurant Brands International from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Monday, September 26th. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Thursday, October 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Restaurant Brands International in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.91.
Restaurant Brands International (NYSE:QSR) opened at 43.56 on Friday. The firm has a 50-day moving average of $45.53 and a 200-day moving average of $43.26. Restaurant Brands International has a one year low of $29.28 and a one year high of $49.12. The company has a market capitalization of $10.18 billion, a P/E ratio of 40.33 and a beta of 1.79.
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Restaurant Brands International (NYSE:QSR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Restaurant Brands International had a return on equity of 20.00% and a net margin of 11.02%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. On average, analysts anticipate that Restaurant Brands International will post $1.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th were given a $0.16 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.26%.
In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $47.73 per share, with a total value of $238,650.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $954,600. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Motta Roberto Moses Thompson bought 22,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average cost of $46.98 per share, for a total transaction of $1,033,560.00. Following the transaction, the director now directly owns 7,440 shares in the company, valued at approximately $349,531.20. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Restaurant Brands International by 3.1% in the first quarter. Legal & General Group Plc now owns 751,960 shares of the company’s stock valued at $29,282,000 after buying an additional 22,952 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Restaurant Brands International during the first quarter valued at $217,000. Nuveen Asset Management LLC acquired a new stake in shares of Restaurant Brands International during the first quarter valued at $1,218,000. HBK Investments L P acquired a new stake in shares of Restaurant Brands International during the first quarter valued at $313,000. Finally, Valiant Capital Management L.P. acquired a new stake in shares of Restaurant Brands International during the first quarter valued at $55,748,000. 73.59% of the stock is currently owned by institutional investors and hedge funds.
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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