Restaurant Brands International Inc. (QSR) Receives Average Recommendation of “Buy” from Analysts
Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned an average recommendation of “Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $66.93.
QSR has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Restaurant Brands International from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Bank of America Corporation reiterated a “neutral” rating and issued a $62.00 price objective on shares of Restaurant Brands International in a research report on Monday, August 14th. UBS AG upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 14th. Finally, BidaskClub upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st.
In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the acquisition, the director now owns 25,966 shares in the company, valued at approximately $1,592,235.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jose E. Cil sold 105,540 shares of Restaurant Brands International stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $59.86, for a total value of $6,317,624.40. Following the transaction, the executive vice president now owns 58,644 shares in the company, valued at $3,510,429.84. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Restaurant Brands International by 21.9% during the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 327 shares in the last quarter. Westpac Banking Corp lifted its holdings in Restaurant Brands International by 1,037.1% during the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,763 shares in the last quarter. Creative Planning lifted its holdings in Restaurant Brands International by 5.4% during the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 108 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 200 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in Restaurant Brands International by 9.0% during the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock worth $197,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.
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Restaurant Brands International (NYSE:QSR) traded up 0.05% during midday trading on Friday, hitting $63.10. The stock had a trading volume of 1,847,323 shares. Restaurant Brands International has a 12-month low of $42.35 and a 12-month high of $64.35. The company has a 50-day moving average price of $60.91 and a 200-day moving average price of $58.83. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 44.16 and a beta of 1.77.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. Equities analysts anticipate that Restaurant Brands International will post $1.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.27%. Restaurant Brands International’s payout ratio is currently 52.78%.
Restaurant Brands International declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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