Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Stock analysts at Oppenheimer Holdings dropped their FY2017 earnings estimates for shares of Restaurant Brands International in a research note issued on Wednesday. Oppenheimer Holdings analyst B. Bittner now expects that the restaurant operator will post earnings of $1.88 per share for the year, down from their prior forecast of $1.92. 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 FY2018 earnings at $2.72 EPS.
Several other equities research analysts have also recently issued reports on QSR. Royal Bank Of Canada raised their target price on shares of Restaurant Brands International from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Stephens restated an “overweight” rating and issued a $58.00 target price on shares of Restaurant Brands International in a report on Wednesday, February 22nd. Longbow Research upgraded shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a report on Thursday, February 23rd. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Friday, February 24th. Finally, OTR Global restated a “positive” rating on shares of Restaurant Brands International in a report on Tuesday, April 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and an average target price of $58.50.
Restaurant Brands International (NYSE QSR) opened at 60.85 on Friday. The company’s 50-day moving average price is $59.25 and its 200 day moving average price is $53.96. Restaurant Brands International has a 12 month low of $39.28 and a 12 month high of $62.45. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 42.17 and a beta of 1.81.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $989.16 million. Restaurant Brands International had a return on equity of 21.88% and a net margin of 12.97%. Restaurant Brands International’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Monday, May 15th will be given a $0.19 dividend. The ex-dividend date is Thursday, May 11th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.25%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 52.41%.
In other Restaurant Brands International news, EVP Jose E. Cil sold 142,700 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total value of $8,426,435.00. Following the transaction, the executive vice president now directly owns 21,684 shares in the company, valued at $1,280,440.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jose E. Cil sold 1,760 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $59.75, for a total transaction of $105,160.00. Following the completion of the transaction, the executive vice president now owns 22,855 shares in the company, valued at $1,365,586.25. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Restaurant Brands International during the fourth quarter valued at $5,781,000. Commerzbank Aktiengesellschaft FI increased its position in Restaurant Brands International by 21.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,343 shares of the restaurant operator’s stock valued at $684,000 after buying an additional 2,525 shares during the last quarter. FMR LLC increased its position in Restaurant Brands International by 1.5% in the fourth quarter. FMR LLC now owns 12,974,594 shares of the restaurant operator’s stock valued at $617,976,000 after buying an additional 186,166 shares during the last quarter. Keybank National Association OH increased its position in Restaurant Brands International by 15.7% in the fourth quarter. Keybank National Association OH now owns 9,299 shares of the restaurant operator’s stock valued at $443,000 after buying an additional 1,260 shares during the last quarter. Finally, Aviva PLC increased its position in Restaurant Brands International by 5.9% in the fourth quarter. Aviva PLC now owns 147,017 shares of the restaurant operator’s stock valued at $6,990,000 after buying an additional 8,127 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.
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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