Restaurant Brands International (QSR) Stock Price Up 1.3%
Restaurant Brands International (NYSE:QSR) shares rose 1.3% during trading on Wednesday . The company traded as high as $47.66 and last traded at $47.63, with a volume of 624,856 shares changing hands. The stock had previously closed at $47.00.
A number of analysts recently weighed in on the stock. Morgan Stanley reissued a “hold” rating and set a $47.00 price objective on shares of Restaurant Brands International in a report on Friday, August 5th. RBC Capital Markets reissued an “outperform” rating and set a $49.00 price objective on shares of Restaurant Brands International in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. OTR Global upgraded shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a research note on Monday, July 18th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Restaurant Brands International in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and a consensus price target of $46.64.
The firm has a market cap of $11.15 billion and a PE ratio of 44.15. The firm has a 50-day moving average price of $45.83 and a 200-day moving average price of $41.43.
Restaurant Brands International (NYSE:QSR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts anticipate that Restaurant Brands International will post $1.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 6th will be given a $0.16 dividend. The ex-dividend date is Thursday, September 1st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.34%.
In other Restaurant Brands International news, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction dated Thursday, August 11th. The stock was bought at an average cost of $47.73 per share, with a total value of $238,650.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $954,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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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