Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average cost of C$72.86 per share, for a total transaction of C$364,300.00.
Restaurant Brands International Inc (TSE:QSR) traded down C$0.20 during trading on Thursday, hitting C$72.01. The company had a trading volume of 284,925 shares, compared to its average volume of 629,108. Restaurant Brands International Inc has a 12-month low of C$69.33 and a 12-month high of C$88.36. The stock has a market capitalization of $33,720.00, a P/E ratio of 78.49 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a $0.554 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.08%. Restaurant Brands International’s payout ratio is 80.43%.
QSR has been the topic of a number of recent research reports. Evercore reissued an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore ISI reissued an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Royal Bank of Canada boosted their target price on Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. BMO Capital Markets set a C$72.00 target price on Restaurant Brands International and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Cowen dropped their target price on Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$80.20.
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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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