Key Points
- Chairman J Patrick Doyle sold 43,597 shares at an average price of $69.80 for proceeds of $3,043,070.60, cutting his direct stake by 18.36% to 193,855 shares valued at about $13.53 million.
- The company reported EPS of $1.03, beating estimates by $0.03, with revenue of $2.45 billion (up 6.9% year‑over‑year) and a net margin of 9.95%.
- Restaurant Brands declared a $0.62 quarterly dividend (annualized $2.48, yield 3.4%), with an ex‑dividend/record date of December 23 and payable January 6; the dividend payout ratio is 88.26%.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) Chairman J Patrick Doyle sold 43,597 shares of the company's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $69.80, for a total value of $3,043,070.60. Following the sale, the chairman directly owned 193,855 shares of the company's stock, valued at approximately $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Restaurant Brands International Trading Up 3.0%
Shares of QSR opened at $72.05 on Wednesday. The business's 50-day moving average price is $67.15 and its 200 day moving average price is $67.14. The stock has a market capitalization of $23.62 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.78 and a beta of 0.63. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $72.36. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.
Restaurant Brands International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International's dividend payout ratio is 88.26%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on QSR shares. Guggenheim lifted their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Scotiabank lifted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, October 31st. Barclays dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Oppenheimer restated an "outperform" rating and set a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday. Finally, Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a report on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.76.
Read Our Latest Research Report on QSR
Institutional Trading of Restaurant Brands International
A number of institutional investors have recently bought and sold shares of QSR. Raleigh Capital Management Inc. increased its position in Restaurant Brands International by 2.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator's stock worth $460,000 after purchasing an additional 151 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Restaurant Brands International by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator's stock valued at $330,000 after buying an additional 174 shares during the last quarter. MAI Capital Management grew its stake in shares of Restaurant Brands International by 4.1% in the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator's stock valued at $305,000 after buying an additional 180 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Restaurant Brands International by 2.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 7,868 shares of the restaurant operator's stock worth $505,000 after buying an additional 192 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Restaurant Brands International by 49.3% during the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.
About Restaurant Brands International
(
Get Free Report)
Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.
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