Restaurant Brands International (QSR) Research Coverage Started at BMO Capital Markets
Research analysts at BMO Capital Markets began coverage on shares of Restaurant Brands International (NYSE:QSR) in a research report issued to clients and investors on Friday. The brokerage set an “outperform” rating on the stock.
QSR has been the topic of several other research reports. Piper Jaffray Cos. reissued an “overweight” rating and issued a $52.00 price objective on shares of Restaurant Brands International in a research 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 objective on the stock. in a research report on Monday, September 26th. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research report on Wednesday, June 22nd. Finally, TheStreet raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently 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. The company has a market cap of $10.18 billion, a PE ratio of 40.33 and a beta of 1.79. Restaurant Brands International has a 52-week low of $29.28 and a 52-week high of $49.12. The firm’s 50-day moving average price is $45.53 and its 200 day moving average price is $43.26.
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Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Restaurant Brands International had a return on equity of 20.00% and a net margin of 11.02%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Restaurant Brands International will post $1.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th were paid a $0.16 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, September 1st. Restaurant Brands International’s dividend payout ratio is currently 59.26%.
In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the purchase, the director now directly 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 available through this hyperlink. Also, Director Motta Roberto Moses Thompson bought 22,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of $46.98 per share, for a total transaction of $1,033,560.00. Following the completion of the purchase, the director now directly owns 7,440 shares in the company, valued at $349,531.20. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of 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 worth $202,000 after buying an additional 2,866 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Restaurant Brands International during the first quarter valued at approximately $217,000. BlackRock Institutional Trust Company N.A. purchased a new position in shares of Restaurant Brands International during the first quarter valued at approximately $251,000. Haverford Trust Co. purchased a new position in shares of Restaurant Brands International during the second quarter valued at approximately $276,000. Finally, HBK Investments L P purchased a new position in shares of Restaurant Brands International during the first quarter valued at approximately $313,000. Institutional investors and hedge funds 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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