Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Analysts at SunTrust Banks dropped their Q2 2019 earnings per share (EPS) estimates for Restaurant Brands International in a research note issued to investors on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.70. SunTrust Banks also issued estimates for Restaurant Brands International’s Q1 2020 earnings at $0.61 EPS.
Other equities research analysts have also recently issued reports about the company. Citigroup lifted their target price on Restaurant Brands International from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Robert W. Baird reiterated a “buy” rating and set a $72.00 target price on shares of Restaurant Brands International in a research note on Wednesday, February 13th. ValuEngine upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. UBS Group set a $74.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Jefferies Financial Group initiated coverage on Restaurant Brands International in a report on Thursday, May 9th. They issued a “hold” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.83.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Monday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in Restaurant Brands International by 0.4% in the 1st quarter. FMR LLC now owns 1,503,426 shares of the restaurant operator’s stock worth $97,810,000 after buying an additional 6,505 shares during the last quarter. HighTower Advisors LLC lifted its position in Restaurant Brands International by 31.3% in the 1st quarter. HighTower Advisors LLC now owns 13,917 shares of the restaurant operator’s stock worth $905,000 after buying an additional 3,321 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Restaurant Brands International in the 1st quarter worth approximately $13,391,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Restaurant Brands International by 18.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,053 shares of the restaurant operator’s stock worth $981,000 after buying an additional 2,338 shares during the last quarter. Finally, Man Group plc lifted its position in Restaurant Brands International by 109.0% in the 1st quarter. Man Group plc now owns 145,961 shares of the restaurant operator’s stock worth $9,504,000 after buying an additional 76,131 shares during the last quarter. 84.06% of the stock is owned by institutional investors.
In other Restaurant Brands International news, insider Alexandre Macedo acquired 45,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $64.73 per share, with a total value of $2,912,850.00. Following the completion of the acquisition, the insider now owns 103,773 shares of the company’s stock, valued at $6,717,226.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Granat sold 35,621 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the transaction, the insider now directly owns 276,457 shares of the company’s stock, valued at approximately $17,223,271.10. The disclosure for this sale can be found here. 3.78% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Friday, June 14th. Restaurant Brands International’s payout ratio is presently 76.05%.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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