Restaurant Brands International (NYSE:QSR) Announces Earnings Results

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09, Briefing.com reports. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Restaurant Brands International had a return on equity of 34.25% and a net margin of 13.36%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share.

Restaurant Brands International Trading Up 0.8 %

QSR stock traded up $0.50 on Friday, hitting $59.59. 2,142,583 shares of the company were exchanged, compared to its average volume of 1,358,655. Restaurant Brands International has a twelve month low of $46.68 and a twelve month high of $65.64. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.92 and a quick ratio of 0.86. The business’s fifty day moving average is $51.50 and its two-hundred day moving average is $54.52. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 82.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Restaurant Brands International by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after purchasing an additional 229 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Restaurant Brands International by 12.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock worth $301,000 after acquiring an additional 577 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of Restaurant Brands International by 263.4% in the 1st quarter. SkyView Investment Advisors LLC now owns 883 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 640 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Restaurant Brands International by 6.0% in the 1st quarter. Advisors Asset Management Inc. now owns 18,852 shares of the restaurant operator’s stock worth $1,101,000 after acquiring an additional 1,061 shares during the period. Finally, Aviva PLC increased its holdings in shares of Restaurant Brands International by 2.5% in the 1st quarter. Aviva PLC now owns 44,114 shares of the restaurant operator’s stock worth $2,581,000 after acquiring an additional 1,064 shares during the period. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QSR has been the topic of several research reports. Royal Bank of Canada lifted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Restaurant Brands International from $64.00 to $70.00 in a report on Friday. Credit Suisse Group lowered their target price on Restaurant Brands International from $73.00 to $68.00 in a report on Thursday, May 5th. Stifel Nicolaus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $68.00 to $58.00 in a research report on Wednesday, May 4th. Finally, Robert W. Baird upped their price target on Restaurant Brands International from $56.00 to $63.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and a consensus target price of $65.95.

About Restaurant Brands International

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Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.