Restaurant Brands International (QSR) Raised to “Overweight” at Stephens
Restaurant Brands International (NYSE:QSR) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday.
A number of other research analysts have also weighed in on the stock. OTR Global raised shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a research report on Monday, July 18th. BMO Capital Markets initiated coverage on shares of Restaurant Brands International in a research report on Friday, October 14th. They set an “outperform” rating on the stock. Piper Jaffray Cos. reissued an “overweight” rating and set a $52.00 price target 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 price objective on the stock. in a research report on Monday, September 26th. Finally, Zacks Investment Research raised shares of 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Restaurant Brands International currently has an average rating of “Buy” and an average price target of $44.91.
Restaurant Brands International (NYSE:QSR) opened at 44.83 on Wednesday. The firm’s 50 day moving average is $45.28 and its 200-day moving average is $43.44. Restaurant Brands International has a 12 month low of $29.28 and a 12 month high of $49.12. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 41.51 and a beta of 1.79.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/restaurant-brands-international-qsr-raised-to-overweight-at-stephens.html
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, beating analysts’ consensus estimates of $0.35 by $0.06. Restaurant Brands International had a net margin of 11.02% and a return on equity of 20.00%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that Restaurant Brands International will post $1.54 EPS for the current 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 1.43%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, September 1st. Restaurant Brands International’s dividend payout ratio (DPR) is 59.26%.
In other news, 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 cost of $46.98 per share, for a total transaction 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 approximately $349,531.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price of $47.73 per share, with a total value 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 $954,600. 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. Stratos Wealth Partners LTD. purchased a new stake in Restaurant Brands International during the first quarter valued at $246,000. BlackRock Institutional Trust Company N.A. purchased a new stake in Restaurant Brands International during the first quarter valued at $251,000. Finally, Haverford Trust Co. purchased a new stake in Restaurant Brands International during the second quarter valued at $276,000. Hedge funds and other institutional investors own 73.60% of the company’s stock.
About Restaurant Brands International
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.
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.