Key Points
- Restaurant Brands International insider Axel Schwan sold 57,574 shares at an average price of $81.14, generating approximately $4.67 million. His remaining direct stake fell 21.52% to 209,908 shares.
- The company reported quarterly EPS of $1.07, beating analyst estimates of $1.04, while revenue reached $2.52 billion, up 4.6% year over year.
- Restaurant Brands International declared a quarterly dividend of $0.65 per share, equivalent to $2.60 annually and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $84.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) insider Axel Schwan sold 57,574 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company's stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Restaurant Brands International Stock Down 1.5%
Shares of NYSE QSR opened at $77.09 on Thursday. The stock has a market capitalization of $26.88 billion, a P/E ratio of 20.72, a PEG ratio of 2.18 and a beta of 0.51. Restaurant Brands International Inc. has a one year low of $61.44 and a one year high of $81.96. The firm's 50 day simple moving average is $76.03 and its two-hundred day simple moving average is $75.25. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $0.94 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.
Restaurant Brands International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, September 18th. Restaurant Brands International's dividend payout ratio (DPR) is presently 69.89%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. TD Cowen upped their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research report on Thursday, July 9th. CL King set a $80.00 price objective on Restaurant Brands International in a report on Monday, August 10th. Robert W. Baird boosted their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Finally, Citigroup raised their price target on Restaurant Brands International from $78.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 1st. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.00.
View Our Latest Stock Report on Restaurant Brands International
Institutional Investors Weigh In On Restaurant Brands International
A number of large investors have recently added to or reduced their stakes in QSR. Allworth Financial LP raised its stake in shares of Restaurant Brands International by 6.4% during the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator's stock valued at $164,000 after acquiring an additional 136 shares during the last quarter. Syon Capital LLC grew its stake in shares of Restaurant Brands International by 2.4% in the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator's stock worth $445,000 after purchasing an additional 146 shares during the last quarter. Capital Analysts LLC grew its stake in shares of Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator's stock worth $63,000 after purchasing an additional 158 shares during the last quarter. Private Advisor Group LLC increased its holdings in Restaurant Brands International by 4.1% during the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator's stock valued at $322,000 after purchasing an additional 170 shares during the period. Finally, Applied Finance Capital Management LLC increased its holdings in Restaurant Brands International by 1.9% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator's stock valued at $644,000 after purchasing an additional 179 shares during the period. 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 that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.
RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.
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