Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Oppenheimer decreased their FY2019 earnings per share (EPS) estimates for Restaurant Brands International in a research note issued to investors on Monday, April 29th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $2.67 for the year, down from their prior forecast of $2.77. Oppenheimer has a “Outperform” rating and a $75.00 price objective on the stock. Oppenheimer also issued estimates for Restaurant Brands International’s Q4 2019 earnings at $0.75 EPS and FY2020 earnings at $2.99 EPS.
QSR has been the subject of several other research reports. Wells Fargo & Co upped their price target on shares of Restaurant Brands International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. SunTrust Banks started coverage on shares of Restaurant Brands International in a research report on Tuesday, January 8th. They set a “buy” rating and a $70.00 price target for the company. Zacks Investment Research lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Sanford C. Bernstein started coverage on shares of Restaurant Brands International in a research report on Friday, April 5th. They set an “outperform” rating for the company. Finally, Barclays started coverage on shares of Restaurant Brands International in a research report on Friday, March 8th. They set an “overweight” rating and a $61.27 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.76.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.04). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC lifted its holdings in Restaurant Brands International by 36.8% in the 4th quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Restaurant Brands International by 327.2% in the 1st quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 602 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $42,000. Howe & Rusling Inc. lifted its holdings in Restaurant Brands International by 357.4% in the 1st quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock valued at $64,000 after acquiring an additional 772 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at about $112,000. 82.91% of the stock is owned by institutional investors.
In other Restaurant Brands International news, COO Joshua Kobza sold 113,577 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $64.41, for a total value of $7,315,494.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexandre Macedo sold 191,964 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $63.88, for a total transaction of $12,262,660.32. Following the completion of the sale, the insider now directly owns 103,773 shares of the company’s stock, valued at $6,629,019.24. The disclosure for this sale can be found here. Insiders sold 441,162 shares of company stock valued at $28,000,343 in the last ninety days. Corporate insiders own 3.78% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, June 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, June 14th. Restaurant Brands International’s payout ratio is currently 76.05%.
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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