Moore Capital Management LP Invests $5.71 Million in Restaurant Brands International Inc. $QSR

Moore Capital Management LP acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 78,801 shares of the restaurant operator’s stock, valued at approximately $5,714,000.

Several other large investors have also recently added to or reduced their stakes in QSR. Larson Financial Group LLC increased its holdings in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Lloyd Advisory Services LLC. bought a new position in Restaurant Brands International in the 4th quarter valued at about $25,000. Western Wealth Management LLC bought a new position in Restaurant Brands International in the 1st quarter valued at about $28,000. CoreCap Advisors LLC increased its stake in Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 350 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Restaurant Brands International during the 1st quarter valued at about $40,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.2%

Shares of Restaurant Brands International stock opened at $78.39 on Monday. The stock’s fifty day moving average is $75.03 and its 200-day moving average is $74.65. The firm has a market capitalization of $27.37 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.Restaurant Brands International’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. Equities analysts anticipate that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.3%. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QSR. Barclays upped their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. CL King set a $80.00 price objective on shares of Restaurant Brands International in a research note on Monday, August 10th. UBS Group boosted their target price on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price target on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Piper Sandler decreased their target price on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.91.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.