Restaurant Brands International Target of Unusually Large Options Trading (QSR)
Restaurant Brands International (NYSE:QSR) (TSE:QSR) was the recipient of unusually large options trading on Thursday. Stock investors purchased 3,750 put options on the stock. This is an increase of 2,132% compared to the average volume of 168 put options.
QSR opened at $54.66 on Friday. The company has a market cap of $13,431.11, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. Restaurant Brands International has a one year low of $53.57 and a one year high of $68.89. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Restaurant Brands International had a return on equity of 24.56% and a net margin of 12.70%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities research analysts predict that Restaurant Brands International will post 2.65 earnings per share for the current year.
In other Restaurant Brands International news, insider Alexandre Macedo sold 51,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.31, for a total transaction of $3,076,409.70. Following the sale, the insider now directly owns 92,192 shares of the company’s stock, valued at $5,467,907.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $58.00 per share, for a total transaction of $290,000.00. Following the completion of the purchase, the director now directly owns 37,592 shares of the company’s stock, valued at $2,180,336. The disclosure for this purchase can be found here. Insiders sold 471,676 shares of company stock worth $27,885,174 over the last ninety days. Insiders own 3.05% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $129,000. Delpha Capital Management LLC bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $147,000. Elkfork Partners LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $177,000. YHB Investment Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $208,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $209,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on QSR. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, January 5th. UBS set a $74.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Nomura boosted their price objective on Restaurant Brands International from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Credit Suisse Group reduced their price objective on Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 13th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average target price of $70.00.
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About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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