Restaurant Brands International (QSR) Reaches New 12-Month High at $68.65

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.65 and last traded at $68.64, with a volume of 88877 shares changing hands. The stock had previously closed at $67.49.

Several equities research analysts recently issued reports on the company. ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays upped their price objective on Restaurant Brands International from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. UBS Group set a $74.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Wells Fargo & Co upped their price objective on Restaurant Brands International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $69.83.

The company has a market capitalization of $17.45 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.75 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Restaurant Brands International Inc will post 2.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. Restaurant Brands International’s payout ratio is 76.05%.

In other news, insider Daniel S. Schwartz sold 1,041,882 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $67.88, for a total value of $70,722,950.16. Following the completion of the transaction, the insider now owns 461,637 shares of the company’s stock, valued at $31,335,919.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexandre Macedo sold 100,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 289,864 shares of the company’s stock, valued at approximately $17,980,263.92. The disclosure for this sale can be found here. In the last three months, insiders sold 1,177,503 shares of company stock valued at $79,145,138. Company insiders own 3.78% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Restaurant Brands International by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 395,339 shares of the restaurant operator’s stock valued at $23,436,000 after buying an additional 90,954 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Restaurant Brands International by 297.1% during the third quarter. JPMorgan Chase & Co. now owns 343,884 shares of the restaurant operator’s stock valued at $20,385,000 after buying an additional 257,278 shares in the last quarter. Alethea Capital Management LLC bought a new position in Restaurant Brands International during the fourth quarter valued at about $1,392,000. Strs Ohio boosted its stake in Restaurant Brands International by 20.0% during the fourth quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock valued at $7,845,000 after buying an additional 25,000 shares in the last quarter. Finally, Manning & Napier Group LLC bought a new position in Restaurant Brands International during the fourth quarter valued at about $20,355,000. 81.47% of the stock is owned by institutional investors.

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Restaurant Brands International Company Profile (NYSE:QSR)

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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