Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider Heitor Goncalves sold 5,497 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of C$59.02, for a total value of C$324,432.94.
Shares of Restaurant Brands International Inc (TSE:QSR) traded up C$1.06 during mid-day trading on Friday, hitting C$75.30. The company had a trading volume of 370,690 shares, compared to its average volume of 626,949. Restaurant Brands International Inc has a one year low of C$69.33 and a one year high of C$88.36. The stock has a market capitalization of $35,110.00, a P/E ratio of 79.83 and a beta of 1.14.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Monday, February 12th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.72 by C$0.12. Restaurant Brands International had a return on equity of 18.07% and a net margin of 20.42%. The company had revenue of C$1.57 billion for the quarter, compared to the consensus estimate of C$1.59 billion.
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 given a $0.554 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. Restaurant Brands International’s dividend payout ratio (DPR) is 79.57%.
A number of research firms have recently commented on QSR. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. BMO Capital Markets set a C$72.00 price target on Restaurant Brands International and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Cowen cut their price target on Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$80.20.
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About Restaurant Brands International
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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