Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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. “
Several other equities analysts have also issued reports on the stock. BMO Capital Markets started coverage on shares of Restaurant Brands International in a report on Friday, October 14th. They issued an “outperform” rating on the stock. Longbow Research lowered shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a report on Monday, September 26th. Stephens raised shares of Restaurant Brands International from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a report on Wednesday, October 19th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Restaurant Brands International in a report on Friday, November 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Restaurant Brands International from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $46.55.
Restaurant Brands International (NYSE:QSR) opened at 49.04 on Tuesday. Restaurant Brands International has a one year low of $29.28 and a one year high of $50.20. The company has a market capitalization of $11.48 billion, a PE ratio of 40.83 and a beta of 1.75. The company has a 50-day moving average price of $48.51 and a 200-day moving average price of $46.03.
Restaurant Brands International (NYSE:QSR) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Restaurant Brands International had a net margin of 11.77% and a return on equity of 20.84%. Restaurant Brands International’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. Analysts expect that Restaurant Brands International will post $1.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Thursday, December 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. Restaurant Brands International’s payout ratio is currently 56.67%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position 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 worth $202,000 after buying an additional 2,866 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Restaurant Brands International during the second quarter worth $386,000. Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 13.6% in the second quarter. Vanguard Group Inc. now owns 4,214,460 shares of the company’s stock worth $175,321,000 after buying an additional 503,446 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Restaurant Brands International by 4.6% in the second quarter. UBS Asset Management Americas Inc. now owns 431,646 shares of the company’s stock worth $17,875,000 after buying an additional 18,934 shares during the period. Finally, Airain ltd purchased a new position in shares of Restaurant Brands International during the second quarter worth $971,000. Institutional investors own 72.66% 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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