Restaurant Brands International (NYSE:QSR) Trading Up 3.1% – What’s Next?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price traded up 3.1% during trading on Monday . The stock traded as high as $72.75 and last traded at $72.73. 544,447 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,581,752 shares. The stock had previously closed at $70.55.

Analyst Ratings Changes

Several brokerages have issued reports on QSR. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their target price on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Stifel Nicolaus lowered their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Morgan Stanley dropped their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.35.

Restaurant Brands International Trading Up 2.6 %

The business has a 50-day moving average of $70.22 and a two-hundred day moving average of $70.68. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Research analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s dividend payout ratio is 59.79%.

Insider Activity

In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bleakley Financial Group LLC lifted its holdings in Restaurant Brands International by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after buying an additional 154 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Restaurant Brands International by 4.0% during the second quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 160 shares during the period. BNP Paribas Financial Markets increased its stake in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in Restaurant Brands International by 5.2% in the first quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock worth $400,000 after purchasing an additional 247 shares during the period. Finally, US Bancorp DE boosted its position in shares of Restaurant Brands International by 2.8% during the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 256 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.