Restaurant Brands International (QSR) Shares Down 0.2%
Restaurant Brands International (NYSE:QSR) shares dropped 0.2% during mid-day trading on Friday . The company traded as low as $41.35 and last traded at $41.40, with a volume of 899,119 shares changing hands. The stock had previously closed at $41.48.
QSR has been the subject of a number of research analyst reports. Zacks Investment Research raised Restaurant Brands International from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Restaurant Brands International in a report on Wednesday, June 22nd. Piper Jaffray Cos. reissued an “overweight” rating and set a $46.00 price objective on shares of Restaurant Brands International in a report on Friday, May 27th. Cowen and Company boosted their price objective on Restaurant Brands International from $36.00 to $39.00 and gave the stock a “marketperform” rating in a report on Wednesday, March 16th. Finally, Longbow Research assumed coverage on Restaurant Brands International in a report on Friday, March 18th. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $44.36.
The stock has a 50-day moving average of $41.91 and a 200-day moving average of $38.22. The company has a market capitalization of $9.65 billion and a P/E ratio of 55.35.
Restaurant Brands International (NYSE:QSR) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The business earned $918.50 million during the quarter, compared to analyst estimates of $931.04 million. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Equities research analysts predict that Restaurant Brands International will post $1.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Monday, May 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.45%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 12th.
In related news, Director Marc Caira sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $43.02, for a total value of $4,302,000.00. Following the sale, the director now directly owns 121,513 shares of the company’s stock, valued at $5,227,489.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
A number of institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $1,126,000. Monashee Investment Management LLC purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $1,223,000. Gulf International Bank UK Ltd increased its position in Restaurant Brands International by 5.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 57,752 shares of the company’s stock valued at $2,161,000 after buying an additional 2,760 shares in the last quarter. Tributary Capital Management LLC increased its position in Restaurant Brands International by 13.6% in the fourth quarter. Tributary Capital Management LLC now owns 79,420 shares of the company’s stock valued at $2,967,000 after buying an additional 9,520 shares in the last quarter. Finally, Garnet Equity Capital Holdings Inc. increased its position in Restaurant Brands International by 47.1% in the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 125,000 shares of the company’s stock valued at $4,670,000 after buying an additional 40,000 shares in the last quarter.
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.
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