Restaurant Brands International (NYSE:QSR) (TSE:QSR) issued its earnings results on Monday. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01, Morningstar.com reports. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS.
Shares of Restaurant Brands International stock opened at $62.70 on Monday. Restaurant Brands International has a 12-month low of $50.20 and a 12-month high of $65.17. The firm has a market cap of $15.77 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.85 and a beta of 1.44. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 2.73.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, March 14th. Restaurant Brands International’s dividend payout ratio is presently 85.71%.
Institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its holdings in Restaurant Brands International by 20.5% during the third quarter. Morgan Stanley now owns 1,255,679 shares of the restaurant operator’s stock worth $74,437,000 after buying an additional 213,723 shares in the last quarter. Bridgewater Associates LP grew its stake in Restaurant Brands International by 16.8% in the 3rd quarter. Bridgewater Associates LP now owns 117,089 shares of the restaurant operator’s stock valued at $6,928,000 after purchasing an additional 16,865 shares during the period. Addenda Capital Inc. grew its stake in Restaurant Brands International by 36.5% in the 3rd quarter. Addenda Capital Inc. now owns 460,426 shares of the restaurant operator’s stock valued at $27,417,000 after purchasing an additional 123,232 shares during the period. TD Asset Management Inc. grew its stake in Restaurant Brands International by 5.8% in the 3rd quarter. TD Asset Management Inc. now owns 4,239,685 shares of the restaurant operator’s stock valued at $250,863,000 after purchasing an additional 232,606 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in Restaurant Brands International by 52.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 81.09% of the company’s stock.
Several brokerages recently weighed in on QSR. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. ValuEngine raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Citigroup reduced their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. SunTrust Banks started coverage on shares of Restaurant Brands International in a research note on Tuesday, January 8th. They issued a “buy” rating and a $70.00 target price for the company. Finally, BMO Capital Markets upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price objective for the company in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $68.27.
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About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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