Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) CFO Matthew Dunnigan sold 15,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $58.97, for a total transaction of $884,550.00. Following the sale, the chief financial officer now owns 41,449 shares of the company’s stock, valued at $2,444,247.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Restaurant Brands International Price Performance
Shares of QSR opened at $56.41 on Friday. The company has a market capitalization of $17.27 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 3.38. The firm has a 50 day moving average of $57.65 and a 200 day moving average of $55.31. Restaurant Brands International Inc. has a twelve month low of $46.68 and a twelve month high of $63.33.
Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 4th. The restaurant operator reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.09. Restaurant Brands International had a net margin of 13.36% and a return on equity of 34.39%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.03 earnings per share for the current fiscal year.
Restaurant Brands International Dividend Announcement
Analyst Upgrades and Downgrades
Several analysts have issued reports on QSR shares. Cowen upped their price target on shares of Restaurant Brands International from $62.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, July 11th. Stephens started coverage on shares of Restaurant Brands International in a report on Thursday. They set an “equal weight” rating for the company. Sanford C. Bernstein started coverage on shares of Restaurant Brands International in a report on Wednesday, September 7th. They set a “market perform” rating and a $64.00 target price for the company. Finally, Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.71.
Institutional Investors Weigh In On Restaurant Brands International
A number of large investors have recently added to or reduced their stakes in QSR. Murchinson Ltd. bought a new stake in Restaurant Brands International in the 4th quarter worth approximately $247,878,000. Bank of Montreal Can grew its position in Restaurant Brands International by 37.6% in the 2nd quarter. Bank of Montreal Can now owns 7,202,415 shares of the restaurant operator’s stock worth $451,065,000 after purchasing an additional 1,966,508 shares during the period. Capital World Investors grew its position in Restaurant Brands International by 3.7% in the 4th quarter. Capital World Investors now owns 37,476,766 shares of the restaurant operator’s stock worth $2,273,888,000 after purchasing an additional 1,326,036 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Restaurant Brands International by 17,537.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,248,000 shares of the restaurant operator’s stock worth $62,599,000 after acquiring an additional 1,240,924 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Restaurant Brands International by 119.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,179,037 shares of the restaurant operator’s stock worth $109,301,000 after acquiring an additional 1,186,355 shares during the last quarter. Institutional investors own 78.50% of the company’s stock.
Restaurant Brands International Company Profile
Restaurant Brands International Inc operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.
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