Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares saw unusually-high trading volume on Thursday . 12,764,578 shares traded hands during mid-day trading, an increase of 303% from the previous session’s volume of 3,168,486 shares.The stock last traded at $74.2180 and had previously closed at $74.95.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on QSR shares. TD Cowen boosted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Piper Sandler decreased their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Evercore restated an “outperform” rating and set a $88.00 target price on shares of Restaurant Brands International in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Guggenheim increased their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.00.

Restaurant Brands International Price Performance

The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The stock’s fifty day moving average is $76.27 and its 200-day moving average is $75.53. The stock has a market cap of $25.81 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.11 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. Restaurant Brands International’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 69.89%.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Lloyd Advisory Services LLC. purchased a new stake in Restaurant Brands International in the fourth quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the period. Groupe la Francaise purchased a new position in shares of Restaurant Brands International during the 2nd quarter worth $27,000. Western Wealth Management LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth about $28,000. Finally, CoreCap Advisors LLC raised its holdings in Restaurant Brands International by 304.3% in 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. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.