Moore Capital Management LP Invests $5.71 Million in Restaurant Brands International Inc. $QSR

Moore Capital Management LP purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 78,801 shares of the restaurant operator’s stock, valued at approximately $5,714,000.

Several other hedge funds have also recently bought and sold shares of the business. D.A. Davidson & CO. grew its stake in Restaurant Brands International by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after acquiring an additional 154 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 158 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 170 shares during the period. Applied Finance Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Restaurant Brands International by 6.3% during the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after purchasing an additional 207 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Piper Sandler dropped their price target on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Morgan Stanley increased their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Finally, CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.91.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $78.39 on Monday. The business’s 50-day simple moving average is $75.03 and its 200-day simple moving average is $74.65. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.12 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 4.03 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.