Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired 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 up C$0.53 during midday trading on Thursday, hitting C$74.97. The stock had a trading volume of 153,638 shares, compared to its average volume of 625,829. The company has a market cap of $35,270.00, a P/E ratio of 81.49 and a beta of 1.14. Restaurant Brands International Inc has a 52-week low of C$69.33 and a 52-week high of C$88.36.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its earnings results on Monday, February 12th. The company reported C$0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.72 by C$0.12. The firm had revenue of C$1.57 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Restaurant Brands International had a return on equity of 18.07% and a net margin of 20.42%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.554 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.22 dividend on an annualized basis and a yield of 2.96%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.26. Restaurant Brands International’s payout ratio is presently 80.43%.
A number of analysts have issued reports on QSR shares. BMO Capital Markets reduced their price objective on Restaurant Brands International from C$72.00 to C$70.00 in a research note on Tuesday, February 13th. Cowen reduced their price objective on Restaurant Brands International from C$72.00 to C$69.00 in a research note on Tuesday, February 13th. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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