Investors Purchase High Volume of Restaurant Brands International Call Options (NYSE:QSR)


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Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the recipient of unusually large options trading on Tuesday. Stock investors bought 12,935 call options on the stock. This is an increase of 410% compared to the typical volume of 2,536 call options.

Several research firms have issued reports on QSR. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Restaurant Brands International in a research note on Monday, January 4th. They set a “buy” rating and a $74.00 price objective for the company. BMO Capital Markets increased their price objective on Restaurant Brands International from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, January 15th. Stephens dropped their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, February 11th. Cowen dropped their price objective on Restaurant Brands International from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Finally, Morgan Stanley lowered their target price on Restaurant Brands International from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and a consensus target price of $64.83.

QSR traded down $0.25 during midday trading on Tuesday, reaching $60.53. 45,481 shares of the company were exchanged, compared to its average volume of 1,724,134. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.60 and a current ratio of 1.65. Restaurant Brands International has a one year low of $25.08 and a one year high of $65.26. The stock has a market capitalization of $18.47 billion, a P/E ratio of 33.03, a PEG ratio of 2.62 and a beta of 1.19. The stock’s 50-day simple moving average is $60.60 and its 200 day simple moving average is $58.16.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 10th. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.13). Restaurant Brands International had a return on equity of 26.67% and a net margin of 11.00%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts anticipate that Restaurant Brands International will post 2.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 6th. Stockholders of record on Tuesday, March 23rd will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, March 22nd. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.52. Restaurant Brands International’s payout ratio is 76.47%.

In other Restaurant Brands International news, COO Joshua Kobza sold 12,198 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $58.95, for a total transaction of $719,072.10. Following the completion of the transaction, the chief operating officer now directly owns 130,481 shares in the company, valued at $7,691,854.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sami A. Siddiqui sold 5,438 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $58.95, for a total value of $320,570.10. Following the transaction, the insider now owns 80,221 shares of the company’s stock, valued at $4,729,027.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,018 shares of company stock valued at $13,316,440. 3.69% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Insight Financial Services bought a new position in shares of Restaurant Brands International during the 4th quarter valued at about $29,000. Paces Ferry Wealth Advisors LLC bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $29,000. NEXT Financial Group Inc bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $30,000. Cullen Frost Bankers Inc. bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $37,000. Finally, Prospera Financial Services Inc bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 79.46% of the company’s stock.

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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