Restaurant Brands International (QSR) Shares Down 0.2%
Restaurant Brands International (NYSE:QSR)’s share price traded down 0.2% on Friday . The stock traded as low as $41.35 and last traded at $41.40, with a volume of 899,119 shares. The stock had previously closed at $41.48.
Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Restaurant Brands International in a research report on Wednesday, June 22nd. Piper Jaffray Cos. reissued an “overweight” rating and set a $46.00 price target on shares of Restaurant Brands International in a research report on Friday, May 27th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Restaurant Brands International in a research report on Saturday, April 30th. Finally, Longbow Research reissued a “neutral” rating on shares of Restaurant Brands International in a research report on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.36.
The firm has a market cap of $9.65 billion and a price-to-earnings ratio of 55.35. The stock has a 50 day moving average of $41.91 and a 200-day moving average of $38.22.
Restaurant Brands International (NYSE:QSR) last released its earnings results on Thursday, April 28th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. During the same quarter last year, the company earned $0.18 earnings per share. The firm earned $918.50 million during the quarter, compared to analyst estimates of $931.04 million. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Restaurant Brands International will post $1.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Monday, May 16th were given a $0.15 dividend. The ex-dividend date was Thursday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.14.
In other Restaurant Brands International news, Director Marc Caira sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 121,513 shares in the company, valued at $5,227,489.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have recently added to or reduced their stakes in QSR. First Trust Advisors LP increased its stake in Restaurant Brands International by 0.3% in the fourth quarter. First Trust Advisors LP now owns 337,881 shares of the company’s stock worth $12,623,000 after buying an additional 874 shares during the period. Shell Asset Management Co. purchased a new stake in Restaurant Brands International during the fourth quarter worth $1,126,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Restaurant Brands International by 72.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 241,900 shares of the company’s stock worth $12,518,000 after buying an additional 101,550 shares during the period. Tributary Capital Management LLC increased its stake 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 worth $2,967,000 after buying an additional 9,520 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake 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 worth $2,161,000 after buying an additional 2,760 shares during the period.
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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