FY2018 EPS Estimates for Restaurant Brands International Inc (QSR) Decreased by Oppenheimer

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Equities research analysts at Oppenheimer cut their FY2018 EPS estimates for Restaurant Brands International in a research report issued to clients and investors on Monday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $2.74 per share for the year, down from their prior estimate of $2.87. Oppenheimer currently has a “Outperform” rating and a $75.00 target price on the stock.

QSR has been the topic of several other research reports. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, December 26th. Wells Fargo & Co upped their price objective on shares of Restaurant Brands International from $60.00 to $68.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Royal Bank of Canada upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday. Nomura upped their price objective on shares of Restaurant Brands International from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average price target of $70.35.

Shares of Restaurant Brands International (QSR) traded down $0.29 on Thursday, hitting $57.42. 431,217 shares of the stock traded hands, compared to its average volume of 1,980,259. 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 $14,092.51, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 25.57%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS.

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 33.07%.

In other news, Director Marc Caira sold 49,804 shares of the firm’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 completion of the transaction, the director now directly owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.05% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in QSR. Principal Financial Group Inc. increased its position in Restaurant Brands International by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 8,547,152 shares of the restaurant operator’s stock valued at $545,992,000 after acquiring an additional 101,543 shares in the last quarter. Suvretta Capital Management LLC increased its position in Restaurant Brands International by 12.1% in the 3rd quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock valued at $246,660,000 after acquiring an additional 415,540 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Restaurant Brands International by 36.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after acquiring an additional 1,017,863 shares in the last quarter. TD Asset Management Inc. increased its position in Restaurant Brands International by 6.3% in the 3rd quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock valued at $225,342,000 after acquiring an additional 208,443 shares in the last quarter. Finally, Millennium Management LLC increased its position in Restaurant Brands International by 178.9% in the 4th quarter. Millennium Management LLC now owns 3,483,355 shares of the restaurant operator’s stock valued at $214,157,000 after acquiring an additional 2,234,306 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

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Restaurant Brands International Company Profile

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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