Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) EVP Jose E. Cil sold 38,480 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $65.00, for a total value of $2,501,200.00. Following the completion of the transaction, the executive vice president now owns 350,613 shares of the company’s stock, valued at approximately $22,789,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Restaurant Brands International Inc. (QSR) opened at $65.22 on Tuesday. Restaurant Brands International Inc. has a 1 year low of $42.35 and a 1 year high of $68.89. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. The company has a market capitalization of $15,468.12, a price-to-earnings ratio of 34.46, a PEG ratio of 1.94 and a beta of 1.75.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. sell-side analysts forecast that Restaurant Brands International Inc. will post 1.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio is currently 55.17%.
Restaurant Brands International announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Citigroup Inc. upped their price objective on Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Wells Fargo & Company upped their price objective on Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Royal Bank Of Canada upped their price objective on Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. upped their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.88.
A number of institutional investors and hedge funds have recently modified their holdings of QSR. Ameriprise Financial Inc. lifted its holdings in Restaurant Brands International by 130.1% during the 1st quarter. Ameriprise Financial Inc. now owns 20,131 shares of the restaurant operator’s stock worth $1,122,000 after purchasing an additional 11,384 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Restaurant Brands International by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 306 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Restaurant Brands International during the 1st quarter worth about $4,804,000. AQR Capital Management LLC lifted its holdings in Restaurant Brands International by 7.1% during the 1st quarter. AQR Capital Management LLC now owns 34,633 shares of the restaurant operator’s stock worth $1,924,000 after purchasing an additional 2,308 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its holdings in Restaurant Brands International by 277.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 5,867 shares of the restaurant operator’s stock worth $367,000 after purchasing an additional 4,313 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors and hedge funds.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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