Restaurant Brands International (QSR) Releases Quarterly Earnings Results

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Restaurant Brands International (NYSE:QSR) (TSE:QSR) posted its earnings results on Monday. The restaurant operator reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01, Morningstar.com reports. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year.

QSR opened at $62.70 on Monday. The firm has a market cap of $15.77 billion, a PE ratio of 29.86, a PEG ratio of 1.85 and a beta of 1.44. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 2.73. Restaurant Brands International has a one year low of $50.20 and a one year high of $65.17.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be given a dividend of $0.50 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 14th. Restaurant Brands International’s payout ratio is 85.71%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Bank of New York Mellon Corp grew its position in shares of Restaurant Brands International by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 304,385 shares of the restaurant operator’s stock valued at $18,354,000 after purchasing an additional 6,298 shares in the last quarter. Northern Trust Corp lifted its stake in Restaurant Brands International by 11.9% in the second quarter. Northern Trust Corp now owns 273,756 shares of the restaurant operator’s stock worth $16,508,000 after purchasing an additional 29,150 shares during the last quarter. Tributary Capital Management LLC lifted its stake in Restaurant Brands International by 13.1% in the third quarter. Tributary Capital Management LLC now owns 27,700 shares of the restaurant operator’s stock worth $1,642,000 after purchasing an additional 3,200 shares during the last quarter. Addenda Capital Inc. lifted its stake in Restaurant Brands International by 36.5% in the third quarter. Addenda Capital Inc. now owns 460,426 shares of the restaurant operator’s stock worth $27,417,000 after purchasing an additional 123,232 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Restaurant Brands International by 4.6% in the third quarter. Aperio Group LLC now owns 96,224 shares of the restaurant operator’s stock worth $5,704,000 after purchasing an additional 4,243 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. BMO Capital Markets raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 target price on the stock in a research report on Wednesday, January 23rd. Wells Fargo & Co dropped their target price on shares of Restaurant Brands International from $69.00 to $63.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Monday, December 3rd. Finally, UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.27.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Earnings History for Restaurant Brands International (NYSE:QSR)

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