Key Points
- Jeffrey Housman sold 20,000 QSR shares at an average price of $73.48 on March 20, generating $1,469,600 and reducing his stake by about 10.98% to 162,077 shares (≈$11.91M).
- RBI raised its quarterly dividend to $0.65 per share (ex-dividend March 19, payable April 2), implying a $2.60 annualized payout and ~3.5% yield while the payout ratio stands at 110.17%.
- Analysts remain broadly positive with 14 Buys, 8 Holds and 1 Sell, a consensus price target of $79.19, and recent upgrades such as Stifel lifting its target to $90.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the transaction, the insider directly owned 162,077 shares in the company, valued at approximately $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jeffrey Housman also recently made the following trade(s):
- On Monday, February 23rd, Jeffrey Housman sold 7,705 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total transaction of $520,164.55.
- On Wednesday, January 7th, Jeffrey Housman sold 1,483 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $100,013.52.
Restaurant Brands International Stock Performance
Shares of QSR opened at $73.77 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The firm's fifty day simple moving average is $69.93 and its two-hundred day simple moving average is $68.46. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.57. The stock has a market capitalization of $25.61 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. As a group, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.
Restaurant Brands International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, March 19th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International's dividend payout ratio is currently 110.17%.
Analysts Set New Price Targets
Several research analysts recently issued reports on QSR shares. Stifel Nicolaus raised Restaurant Brands International from a "hold" rating to a "buy" rating and lifted their target price for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Truist Financial raised their target price on Restaurant Brands International from $83.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Guggenheim boosted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Wells Fargo & Company raised their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Finally, BMO Capital Markets decreased their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus price target of $79.19.
View Our Latest Report on QSR
Institutional Investors Weigh In On Restaurant Brands International
Several large investors have recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. bought a new position in Restaurant Brands International in the 4th quarter worth about $25,000. Larson Financial Group LLC increased its holdings in shares of Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after buying an additional 346 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Restaurant Brands International in the fourth quarter worth $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Restaurant Brands International in the second quarter valued at $35,000. Institutional investors own 82.29% of the company's stock.
Restaurant Brands International Company Profile
(
Get Free Report)
Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.
RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.
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