Today, Restaurant Brands International (QSR) Coverage Initiated at BMO Capital Markets

Today, Restaurant Brands International (QSR) Coverage Initiated at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Restaurant Brands International (NYSE:QSR) in a report released on Friday. The brokerage set an “outperform” rating on the stock.

A number of other brokerages have also recently issued reports on QSR. Credit Suisse Group AG reiterated a “hold” rating and set a $43.00 price objective on shares of Restaurant Brands International in a report on Thursday, July 28th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $52.00 price objective on shares of Restaurant Brands International in a report on Monday, August 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Restaurant Brands International in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a report on Thursday, October 6th. Finally, TheStreet upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of “Buy” and a consensus price target of $44.91.

Restaurant Brands International (NYSE:QSR) opened at 43.89 on Friday. Restaurant Brands International has a 52 week low of $29.28 and a 52 week high of $49.12. The company has a 50-day moving average of $45.35 and a 200-day moving average of $43.40. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 40.64 and a beta of 1.80.

Restaurant Brands International (NYSE:QSR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Restaurant Brands International had a net margin of 11.02% and a return on equity of 20.00%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Equities research analysts forecast that Restaurant Brands International will post $1.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th were given a $0.16 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, September 1st. This represents a $0.64 annualized dividend and a yield of 1.46%. Restaurant Brands International’s payout ratio is currently 59.26%.

In related news, Director Ali Hedayat acquired 5,000 shares of the stock in a transaction on Thursday, August 11th. The shares were acquired at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $954,600. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Motta Roberto Moses Thompson acquired 22,000 shares of the stock in a transaction on Thursday, September 8th. The stock was bought at an average cost of $46.98 per share, for a total transaction of $1,033,560.00. Following the transaction, the director now owns 7,440 shares of the company’s stock, valued at approximately $349,531.20. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Restaurant Brands International by 322.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,755 shares of the company’s stock valued at $202,000 after buying an additional 2,866 shares during the period. Bayesian Capital Management LP acquired a new stake in Restaurant Brands International during the first quarter valued at about $217,000. BlackRock Institutional Trust Company N.A. acquired a new stake in Restaurant Brands International during the first quarter valued at about $251,000. Haverford Trust Co. acquired a new stake in Restaurant Brands International during the second quarter valued at about $276,000. Finally, HBK Investments L P acquired a new stake in Restaurant Brands International during the first quarter valued at about $313,000. 73.60% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Related posts

Leave a Comment