Analysts expect that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post $1.26 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Restaurant Brands International’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.27 billion. Restaurant Brands International reported sales of $1.11 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The company is scheduled to report its next quarterly earnings results on Monday, February 12th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $1.26 billion for the current year, with estimates ranging from $4.59 billion to $4.61 billion. For the next year, analysts expect that the company will report sales of $4.98 billion per share, with estimates ranging from $4.97 billion to $4.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Restaurant Brands International.
A number of brokerages have recently weighed in on QSR. Nomura boosted their price target on Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. UBS Group set a $74.00 price target on Restaurant Brands International and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, January 5th. Evercore ISI began coverage on Restaurant Brands International in a report on Monday, December 11th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Citigroup boosted their price target on Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a report on Monday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.47.
In other Restaurant Brands International news, Director Marc Caira sold 49,804 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the completion of the transaction, the director now owns 124,643 shares in the company, valued at approximately $8,179,073.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total value of $262,073,431.80. The disclosure for this sale can be found here. Insiders have sold a total of 4,238,029 shares of company stock valued at $274,292,543 in the last 90 days. Insiders own 3.05% of the company’s stock.
A number of hedge funds have recently made changes to their positions in QSR. PNC Financial Services Group Inc. boosted its position in Restaurant Brands International by 28.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,150 shares of the restaurant operator’s stock worth $260,000 after acquiring an additional 922 shares during the period. Northern Trust Corp boosted its position in Restaurant Brands International by 0.4% during the 2nd quarter. Northern Trust Corp now owns 221,729 shares of the restaurant operator’s stock worth $13,867,000 after acquiring an additional 777 shares during the period. Vanguard Group Inc. boosted its position in Restaurant Brands International by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,987,402 shares of the restaurant operator’s stock worth $311,912,000 after acquiring an additional 268,220 shares during the period. Suntrust Banks Inc. acquired a new position in Restaurant Brands International during the 2nd quarter worth $307,000. Finally, Advisor Group Inc. boosted its position in Restaurant Brands International by 146.2% during the 2nd quarter. Advisor Group Inc. now owns 3,786 shares of the restaurant operator’s stock worth $236,000 after acquiring an additional 2,248 shares during the period. Institutional investors own 77.47% of the company’s stock.
Shares of Restaurant Brands International (NYSE QSR) opened at $56.00 on Tuesday. Restaurant Brands International has a twelve month low of $49.27 and a twelve month high of $68.89. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38. The firm has a market capitalization of $14,023.93, a P/E ratio of 31.24, a PEG ratio of 1.35 and a beta of 1.52.
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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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