Restaurant Brands International Inc. (QSR) Raised to Outperform at CIBC

CIBC upgraded shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) from a market perform rating to an outperform rating in a research note published on Wednesday. They currently have $70.00 target price on the restaurant operator’s stock.

QSR has been the subject of a number of other reports. Cowen and Company lifted their target price on shares of Restaurant Brands International from $52.00 to $54.00 and gave the stock a market perform rating in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Restaurant Brands International from a sell rating to a hold rating in a research note on Friday, February 24th. Stephens reiterated an overweight rating and issued a $52.00 target price on shares of Restaurant Brands International in a research note on Thursday, February 16th. Longbow Research upgraded shares of Restaurant Brands International from an underperform rating to a neutral rating in a research note on Thursday, February 23rd. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $63.00 target price on shares of Restaurant Brands International in a research note on Monday, April 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Restaurant Brands International currently has an average rating of Buy and a consensus target price of $58.50.

Restaurant Brands International (NYSE:QSR) opened at 61.90 on Wednesday. The stock has a market capitalization of $14.58 billion, a PE ratio of 42.90 and a beta of 1.81. Restaurant Brands International has a 12-month low of $39.28 and a 12-month high of $62.58. The stock’s 50 day moving average is $59.41 and its 200 day moving average is $54.15.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. Restaurant Brands International’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. Equities analysts anticipate that Restaurant Brands International will post $1.84 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.23%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 11th. Restaurant Brands International’s payout ratio is presently 52.41%.

In other news, EVP Jose E. Cil sold 142,700 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the completion of the transaction, the executive vice president now directly owns 21,684 shares of the company’s stock, valued at approximately $1,280,440.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jose E. Cil sold 1,760 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $59.75, for a total transaction of $105,160.00. Following the transaction, the executive vice president now directly owns 22,855 shares of the company’s stock, valued at $1,365,586.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,000 shares of company stock valued at $14,849,219. Company insiders own 4.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Restaurant Brands International by 0.8% in the first quarter. Geode Capital Management LLC now owns 8,060 shares of the restaurant operator’s stock valued at $449,000 after buying an additional 67 shares during the period. Ironwood Investment Management LLC raised its position in Restaurant Brands International by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 7,924 shares of the restaurant operator’s stock valued at $442,000 after buying an additional 93 shares during the period. Creative Planning raised its position in Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares during the period. PNC Financial Services Group Inc. raised its position in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares during the period. Finally, IFP Advisors Inc raised its position in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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