Media coverage about Restaurant Brands International (NYSE:QSR) (TSE:QSR) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Restaurant Brands International earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 47.1667080928478 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
QSR has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on Restaurant Brands International from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Bank of America Corporation restated a “neutral” rating and set a $62.00 target price on shares of Restaurant Brands International in a research report on Monday, August 14th. UBS AG restated a “buy” rating and set a $68.00 target price (up previously from $64.00) on shares of Restaurant Brands International in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. lifted their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Restaurant Brands International has an average rating of “Buy” and a consensus target price of $69.88.
Shares of Restaurant Brands International (NYSE:QSR) opened at $65.12 on Friday. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $68.89. The stock has a market cap of $15,468.15, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.75.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities research analysts forecast that Restaurant Brands International will post 1.98 earnings per share for the current fiscal year.
Restaurant Brands International declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.21 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. Restaurant Brands International’s dividend payout ratio is presently 55.17%.
In related news, EVP Jose E. Cil sold 60,832 shares of Restaurant Brands International stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total transaction of $3,893,856.32. Following the completion of the transaction, the executive vice president now directly owns 73,618 shares of the company’s stock, valued at approximately $4,712,288.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ali Hedayat purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $64.58 per share, with a total value of $322,900.00. Following the completion of the purchase, the director now owns 30,966 shares in the company, valued at approximately $1,999,784.28. The disclosure for this purchase can be found here. Insiders have sold a total of 1,011,880 shares of company stock worth $65,297,770 over the last 90 days. Insiders own 3.05% of the company’s stock.
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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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