Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Equities research analysts at SunTrust Banks decreased their Q3 2019 EPS estimates for Restaurant Brands International in a research report issued on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $0.71 per share for the quarter, down from their prior estimate of $0.73. SunTrust Banks also issued estimates for Restaurant Brands International’s Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $2.69 EPS, Q2 2020 earnings at $0.76 EPS, Q3 2020 earnings at $0.79 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $2.99 EPS.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS.
Several other brokerages have also weighed in on QSR. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Friday. Longbow Research lowered shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $70.50 to $55.00 in a research report on Monday, May 13th. Barclays boosted their price target on shares of Restaurant Brands International from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Jefferies Financial Group assumed coverage on shares of Restaurant Brands International in a research note on Thursday, May 9th. They issued a “hold” rating and a $70.00 target price for the company. Finally, ValuEngine upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Restaurant Brands International currently has an average rating of “Buy” and an average price target of $69.83.
QSR traded down $0.13 during trading on Thursday, hitting $68.43. The stock had a trading volume of 1,106,201 shares, compared to its average volume of 1,815,874. Restaurant Brands International has a 12 month low of $50.20 and a 12 month high of $69.26. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market capitalization of $17.45 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, June 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 76.05%.
In other Restaurant Brands International news, insider Alexandre Macedo sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $62.03, for a total value of $6,203,000.00. Following the completion of the sale, the insider now owns 289,864 shares of the company’s stock, valued at $17,980,263.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 35,621 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.30, for a total value of $2,219,188.30. Following the sale, the insider now directly owns 276,457 shares of the company’s stock, valued at approximately $17,223,271.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,177,503 shares of company stock worth $79,145,138. Company insiders own 3.78% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Cerebellum GP LLC purchased a new position in Restaurant Brands International in the first quarter worth about $333,000. FMR LLC lifted its position in shares of Restaurant Brands International by 0.4% during the 1st quarter. FMR LLC now owns 1,503,426 shares of the restaurant operator’s stock valued at $97,810,000 after buying an additional 6,505 shares in the last quarter. HighTower Advisors LLC raised its stake in Restaurant Brands International by 31.3% during the 1st quarter. HighTower Advisors LLC now owns 13,917 shares of the restaurant operator’s stock valued at $905,000 after purchasing an additional 3,321 shares during the period. Maverick Capital Ltd. bought a new stake in Restaurant Brands International during the 1st quarter valued at approximately $13,391,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Restaurant Brands International by 18.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,053 shares of the restaurant operator’s stock valued at $981,000 after purchasing an additional 2,338 shares during the period. Institutional investors own 81.47% of the company’s stock.
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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