Today: Today, Restaurant Brands International (QSR) Upgraded to Strong-Buy by Zacks Investment Research

Today, Restaurant Brands International (QSR) Upgraded to Strong-Buy by Zacks Investment Research

Restaurant Brands International (NYSE:QSR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday. The firm currently has a $50.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 13.95% from the company’s current price.

According to Zacks, “Restaurant Brands International Inc. operates as a quick service restaurant company. It is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Burger King is a fast food hamburger chain. Restaurant Brands International Inc. is based in Canada. “

Other analysts also recently issued research reports about the stock. Longbow Research downgraded shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research report on Monday, September 26th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Restaurant Brands International in a research report on Monday, August 29th. Morgan Stanley reaffirmed a “hold” rating and set a $47.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 5th. TheStreet raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Restaurant Brands International in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Restaurant Brands International presently has an average rating of “Buy” and an average target price of $44.91.

10/06/restaurant-brands-international-qsr-upgraded-to-strong-buy-by-zacks-investment-research.html

Restaurant Brands International (NYSE:QSR) traded up 0.57% during mid-day trading on Thursday, reaching $43.88. 535,982 shares of the company’s stock traded hands. The company has a 50 day moving average price of $46.07 and a 200-day moving average price of $43.09. The stock has a market cap of $10.26 billion, a P/E ratio of 40.63 and a beta of 1.79. Restaurant Brands International has a 12 month low of $29.28 and a 12 month high of $49.12.

Restaurant Brands International (NYSE:QSR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. Restaurant Brands International had a net margin of 11.02% and a return on equity of 20.00%. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Restaurant Brands International will post $1.53 EPS for the current year.

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

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

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Restaurant Brands International during the second quarter worth approximately $238,586,000. Royal Bank of Canada boosted its stake in Restaurant Brands International by 22.6% in the second quarter. Royal Bank of Canada now owns 9,425,588 shares of the company’s stock worth $392,104,000 after buying an additional 1,739,079 shares during the last quarter. Valiant Capital Management L.P. acquired a new stake in Restaurant Brands International during the first quarter worth approximately $55,748,000. JPMorgan Chase & Co. boosted its stake in Restaurant Brands International by 87.8% in the second quarter. JPMorgan Chase & Co. now owns 2,155,138 shares of the company’s stock worth $89,653,000 after buying an additional 1,007,535 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in Restaurant Brands International during the second quarter worth approximately $34,528,000. Institutional investors own 73.59% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

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