Key Points
- Ali Hedayat sold 7,000 shares of Restaurant Brands International at an average price of $72.77 on Nov. 26, generating about $509,390 and reducing his stake by 26.96% to 18,962 shares.
- The company announced a quarterly dividend of $0.62 per share (annualized $2.48) with an ex-dividend date of Dec. 23 and a yield of about 3.5%, payable Jan. 6.
- Restaurant Brands beat Q3 expectations with $1.03 EPS (vs. $1.00 est.) and $2.45B revenue, while analysts’ consensus is a Hold rating and a $74.76 target price.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) Director Ali Hedayat sold 7,000 shares of the company's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the transaction, the director directly owned 18,962 shares in the company, valued at approximately $1,379,864.74. The trade was a 26.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Restaurant Brands International Price Performance
Restaurant Brands International stock opened at $71.53 on Tuesday. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.88 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The business has a 50-day simple moving average of $67.83 and a 200 day simple moving average of $67.24. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.13.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.
Restaurant Brands International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.5%. Restaurant Brands International's payout ratio is presently 88.26%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on QSR shares. Royal Bank Of Canada decreased their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research note on Friday, August 8th. Piper Sandler decreased their price objective on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Scotiabank upped their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.76.
View Our Latest Stock Report on Restaurant Brands International
Hedge Funds Weigh In On Restaurant Brands International
Several institutional investors and hedge funds have recently bought and sold shares of QSR. Aviso Financial Inc. boosted its position in Restaurant Brands International by 1.2% during the 1st quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock valued at $63,566,000 after buying an additional 11,164 shares during the period. Jump Financial LLC purchased a new position in shares of Restaurant Brands International in the first quarter valued at about $432,000. Raymond James Financial Inc. raised its stake in shares of Restaurant Brands International by 90.9% during the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator's stock valued at $37,568,000 after acquiring an additional 268,511 shares during the last quarter. Partners Capital Investment Group LLP boosted its holdings in shares of Restaurant Brands International by 91.2% during the first quarter. Partners Capital Investment Group LLP now owns 145,787 shares of the restaurant operator's stock worth $9,715,000 after purchasing an additional 69,557 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Restaurant Brands International by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator's stock worth $5,355,000 after purchasing an additional 7,988 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.
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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