Waratah Capital Advisors Ltd. increased its holdings in Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 288.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 466,067 shares of the restaurant operator’s stock after buying an additional 346,225 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Restaurant Brands International were worth $27,214,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in QSR. Allspring Global Investments Holdings LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $902,000. Commonwealth Equity Services LLC increased its holdings in shares of Restaurant Brands International by 12.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 25,223 shares of the restaurant operator’s stock worth $1,530,000 after buying an additional 2,741 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $300,000. CWM LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $49,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Restaurant Brands International by 26.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,334 shares of the restaurant operator’s stock worth $142,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on QSR. Deutsche Bank Aktiengesellschaft raised their price target on shares of Restaurant Brands International from $64.00 to $70.00 in a report on Friday. Stifel Nicolaus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and lowered their price target for the company from $68.00 to $58.00 in a report on Wednesday, May 4th. TheStreet lowered shares of Restaurant Brands International from a “b-” rating to a “c+” rating in a report on Monday, June 13th. Barclays lowered their price target on shares of Restaurant Brands International from $68.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Finally, Cowen raised their price target on shares of Restaurant Brands International from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.95.
Restaurant Brands International Trading Up 0.8 %
Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 4th. The restaurant operator reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Restaurant Brands International had a net margin of 13.36% and a return on equity of 34.25%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 2.92 EPS for the current year.
Restaurant Brands International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be given a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.16 annualized dividend and a yield of 3.62%. Restaurant Brands International’s dividend payout ratio is currently 82.44%.
Restaurant Brands International Profile
Restaurant Brands International Inc operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.
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