Restaurant Brands International Sees Unusually High Options Volume (QSR)
Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the target of unusually large options trading activity on Friday. Investors bought 1,669 call options on the company. This represents an increase of 1,303% compared to the average daily volume of 119 call options.
Shares of Restaurant Brands International (QSR) opened at $62.92 on Monday. The company has a market capitalization of $14,945.58, a P/E ratio of 33.29, a P/E/G ratio of 1.87 and a beta of 1.70. Restaurant Brands International has a 52-week low of $46.88 and a 52-week high of $68.89. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Restaurant Brands International’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts expect that Restaurant Brands International will post 1.99 EPS for the current year.
In other news, EVP Jose E. Cil sold 70,146 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.01, for a total transaction of $4,630,337.46. Following the sale, the executive vice president now owns 343,496 shares in the company, valued at $22,674,170.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $63.77, for a total value of $8,475,734.47. Following the sale, the executive vice president now owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. Insiders sold 5,249,909 shares of company stock valued at $339,590,312 over the last quarter. 3.05% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Krilogy Financial LLC lifted its holdings in Restaurant Brands International by 2,938.5% in the third quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 1,910 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Restaurant Brands International by 10.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after buying an additional 200 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Restaurant Brands International by 9.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock worth $197,000 after buying an additional 261 shares during the period. Enterprise Financial Services Corp raised its stake in shares of Restaurant Brands International by 16,250.0% during the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after buying an additional 3,250 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $211,000. 78.39% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, September 12th. BidaskClub upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Citigroup upped their target price on Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, November 6th. OTR Global upgraded Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 target price on shares of Restaurant Brands International in a research report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.88.
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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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