Traders Purchase Large Volume of Restaurant Brands International Put Options (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) saw some unusual options trading activity on Monday. Investors purchased 9,005 put options on the stock. This is an increase of approximately 1,277% compared to the typical volume of 654 put options.

Shares of Restaurant Brands International (QSR) traded down $0.07 during mid-day trading on Wednesday, hitting $57.71. 1,870,958 shares of the stock traded hands, compared to its average volume of 2,033,125. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. Restaurant Brands International has a 52-week low of $53.47 and a 52-week high of $68.89. The firm has a market cap of $14,240.08, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.35 and a beta of 1.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Restaurant Brands International had a net margin of 12.70% and a return on equity of 25.57%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. analysts forecast that Restaurant Brands International will post 2.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a $0.45 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.21. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio is currently 33.07%.

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday. Credit Suisse Group dropped their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets reissued a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday. Nomura increased their price target on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $70.35.

In related news, EVP Jose E. Cil sold 99,151 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the completion of the sale, the executive vice president now owns 397,349 shares of the company’s stock, valued at approximately $25,847,552.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Caira sold 49,804 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the sale, the director now directly owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Krilogy Financial LLC lifted its holdings in shares of Restaurant Brands International by 2,938.5% in the 3rd quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 1,910 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $129,000. Delpha Capital Management LLC acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $147,000. YHB Investment Advisors Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $208,000. Finally, Enterprise Financial Services Corp lifted its holdings in shares of Restaurant Brands International by 16,250.0% in the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after acquiring an additional 3,250 shares during the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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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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