Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Equities researchers at Oppenheimer Holdings decreased their Q2 2017 earnings per share (EPS) estimates for Restaurant Brands International in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.48. Oppenheimer Holdings has a “Outperform” rating and a $70.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Restaurant Brands International’s Q3 2017 earnings at $0.49 EPS.
A number of other research firms have also recently issued reports on QSR. Piper Jaffray Companies reissued an “overweight” rating and set a $66.00 target price on shares of Restaurant Brands International in a research note on Tuesday, June 6th. Zacks Investment Research downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 19th. Scotiabank reissued an “outperform” rating and issued a $65.00 price objective on shares of Restaurant Brands International in a report on Tuesday, April 25th. Stephens reissued an “overweight” rating and issued a $58.00 price objective on shares of Restaurant Brands International in a report on Wednesday, February 22nd. Finally, Royal Bank of Canada increased their price objective on Restaurant Brands International from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $58.50.
Restaurant Brands International (QSR) opened at 60.85 on Thursday. The stock has a market capitalization of $14.34 billion, a P/E ratio of 42.17 and a beta of 1.81. The stock has a 50 day moving average of $59.25 and a 200 day moving average of $53.96. Restaurant Brands International has a 52-week low of $39.28 and a 52-week high of $62.45.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.16 million. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Monday, May 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 11th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.18. Restaurant Brands International’s dividend payout ratio is 52.41%.
In related news, EVP Jose E. Cil sold 142,700 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the sale, the executive vice president now owns 21,684 shares of the company’s stock, valued at approximately $1,280,440.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jose E. Cil sold 1,760 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $59.75, for a total value of $105,160.00. Following the sale, the executive vice president now directly owns 22,855 shares in the company, valued at approximately $1,365,586.25. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after buying an additional 327 shares in the last quarter. Westpac Banking Corp raised its position in shares of Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,763 shares during the period. Creative Planning raised its position in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares during the period. Tyers Asset Management LLC purchased a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $137,000. Finally, Flinton Capital Management LLC purchased a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $175,000. 76.34% 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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