Shares of Restaurant Brands International (NYSE:QSR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.97 and last traded at $47.30, with a volume of 269,086 shares. The stock had previously closed at $47.54.

A number of analysts have issued reports on the company. Longbow Research reaffirmed a “neutral” rating on shares of Restaurant Brands International in a research note on Wednesday, April 27th. Morgan Stanley reaffirmed a “hold” rating and issued a $47.00 target price on shares of Restaurant Brands International in a research note on Friday, August 5th. Piper Jaffray Cos. raised their target price on Restaurant Brands International from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, April 14th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Saturday, April 30th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $49.00 price objective on shares of Restaurant Brands International in a research report on Wednesday, August 3rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Restaurant Brands International currently has an average rating of “Buy” and a consensus price target of $46.09.

The company’s 50-day moving average price is $43.25 and its 200 day moving average price is $39.74. The stock has a market capitalization of $11.03 billion and a P/E ratio of 43.69.

Restaurant Brands International (NYSE:QSR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The company earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International will post $1.52 earnings per share for the current fiscal year.

Several hedge funds recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Restaurant Brands International by 28.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,759 shares of the company’s stock valued at $6,304,000 after buying an additional 36,958 shares in the last quarter. I.G. Investment Management LTD. increased its stake in shares of Restaurant Brands International by 15.7% in the fourth quarter. I.G. Investment Management LTD. now owns 1,648,756 shares of the company’s stock valued at $61,695,000 after buying an additional 223,848 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Restaurant Brands International by 1,782.0% in the fourth quarter. Marshall Wace LLP now owns 480,417 shares of the company’s stock valued at $17,948,000 after buying an additional 454,890 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of 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.

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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