News headlines about Restaurant Brands International (NYSE:QSR) (TSE:QSR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Restaurant Brands International earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.9152339277156 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Restaurant Brands International Inc. Announces Launch of Second Lien Senior Secured Notes Offering (finance.yahoo.com)
- Restaurant Brands International, Inc. :QSR-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- Analysts Anticipate Restaurant Brands International Inc. (QSR) Will Post Quarterly Sales of $1.21 Billion (americanbankingnews.com)
- Restaurant Brands International Inc (QSR) Near-Term Moving Average Signal Update – Evergreen Caller (evergreencaller.com)
- Restaurant Brands International (NYSE:QSR) Sees Significantly Higher Trading Volume – Modern Readers (modernreaders.com)
Shares of Restaurant Brands International (NYSE:QSR) traded down 1.65% on Thursday, reaching $59.70. The company’s stock had a trading volume of 1,008,258 shares. The stock has a market cap of $14.10 billion, a PE ratio of 41.78 and a beta of 1.77. The company’s 50 day moving average is $61.41 and its 200-day moving average is $57.36. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $62.94.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that Restaurant Brands International will post $1.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 14th. Restaurant Brands International’s payout ratio is 52.78%.
Restaurant Brands International announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Monday. Instinet assumed coverage on Restaurant Brands International in a research report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. Nomura assumed coverage on Restaurant Brands International in a research report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. BidaskClub raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, UBS AG reissued a “buy” rating and set a $68.00 price target (up from $64.00) on shares of Restaurant Brands International in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $63.63.
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In other news, Director Ali Hedayat purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the acquisition, the director now directly owns 25,966 shares in the company, valued at approximately $1,592,235.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jose E. Cil sold 105,540 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $59.86, for a total value of $6,317,624.40. Following the completion of the sale, the executive vice president now owns 58,644 shares in the company, valued at $3,510,429.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,000 shares of company stock worth $14,849,219. Corporate insiders own 4.20% of the company’s stock.
About Restaurant Brands International
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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