Restaurant Brands International (QSR) Sets New 52-Week High at $47.97
Shares of Restaurant Brands International (NYSE:QSR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $47.97 and last traded at $47.30, with a volume of 269,086 shares trading hands. The stock had previously closed at $47.54.
Several analysts have recently issued reports on QSR shares. Zacks Investment Research upgraded Restaurant Brands International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Restaurant Brands International in a research note on Wednesday, June 22nd. TheStreet upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $46.00 price objective on shares of Restaurant Brands International in a research note on Friday, May 27th. Finally, OTR Global upgraded Restaurant Brands International from a “mixed” rating to a “positive” rating in a research note on Monday, July 18th. 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. The company presently has a consensus rating of “Buy” and a consensus price target of $46.09.
The stock has a market cap of $11.12 billion and a price-to-earnings ratio of 44.06. The company has a 50 day moving average price of $43.51 and a 200-day moving average price of $39.85.
Restaurant Brands International (NYSE:QSR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts forecast that Restaurant Brands International will post $1.52 EPS for the current fiscal year.
A hedge fund recently raised its stake in Restaurant Brands International stock. I.G. Investment Management LTD. raised its position in Restaurant Brands International (NYSE:QSR) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,648,756 shares of the company’s stock after buying an additional 223,848 shares during the period. I.G. Investment Management LTD. owned approximately 0.81% of Restaurant Brands International worth $61,695,000 at the end of the most recent 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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