Restaurant Brands International (NYSE:QSR) (TSE:QSR) announced its quarterly earnings data on Monday. The restaurant operator reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.09, Morningstar.com reports. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis.
Shares of Restaurant Brands International (NYSE QSR) opened at $59.95 on Tuesday. 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 stock has a market cap of $13,422.97, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a one year low of $51.79 and a one year high of $68.89.
In other news, EVP Jose E. Cil sold 99,151 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $65.05, for a total value of $6,449,772.55. Following the completion of the sale, the executive vice president now directly owns 397,349 shares in the company, valued at $25,847,552.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director now owns 124,643 shares of the company’s stock, valued at $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of QSR. Point72 Asset Management L.P. lifted its stake in shares of Restaurant Brands International by 3,083.6% in the third quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock worth $80,332,000 after buying an additional 1,218,041 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $69,324,000. The Manufacturers Life Insurance Company lifted its stake in shares of Restaurant Brands International by 36.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock worth $235,562,000 after buying an additional 1,017,863 shares during the last quarter. Argent Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the third quarter worth $33,235,000. Finally, Forsta AP Fonden acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,559,000. Institutional investors and hedge funds own 77.62% of the company’s stock.
A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of Restaurant Brands International in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Citigroup boosted their price objective on shares of Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Evercore ISI began coverage on shares of Restaurant Brands International in a research report on Monday, December 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Restaurant Brands International presently has an average rating of “Buy” and an average price target of $70.47.
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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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