Restaurant Brands International (QSR) Sets New 1-Year High at $44.93
Restaurant Brands International (NYSE:QSR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $44.93 and last traded at $44.56, with a volume of 914,045 shares traded. The stock had previously closed at $43.50.
A number of research firms have recently commented on QSR. OTR Global raised shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday. Zacks Investment Research downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Wednesday, June 22nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $46.00 price objective on shares of Restaurant Brands International in a report on Friday, May 27th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Restaurant Brands International in a report on Saturday, April 30th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $44.00.
The company has a market capitalization of $10.37 billion and a P/E ratio of 59.48. The firm has a 50-day moving average price of $42.15 and a 200 day moving average price of $38.56.
Restaurant Brands International (NYSE:QSR) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company earned $918.50 million during the quarter, compared to analyst estimates of $931.04 million. Restaurant Brands International’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that Restaurant Brands International will post $1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Monday, May 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.35%. 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 on Thursday, May 5th. The shares were sold at an average price of $43.02, for a total value of $4,302,000.00. Following the transaction, the director now directly owns 121,513 shares in the company, valued at $5,227,489.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Several institutional investors have added to or reduced their stakes in QSR. 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 during the period. 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 during the period. Shell Asset Management Co. acquired a new position in Restaurant Brands International during the fourth quarter valued at approximately $1,126,000. Principal Financial Group Inc. increased its position in Restaurant Brands International by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 5,806,586 shares of the company’s stock valued at $216,934,000 after buying an additional 32,486 shares during the period. Finally, Monashee Investment Management LLC acquired a new position in Restaurant Brands International during the fourth quarter valued at approximately $1,223,000.
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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