Restaurant Brands International Inc. (NYSE:QSR) Director Ali Hedayat Sells 8,537 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat sold 8,537 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now directly owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded down $1.05 during midday trading on Tuesday, hitting $74.30. 1,655,334 shares of the stock traded hands, compared to its average volume of 1,508,073. The firm has a 50-day moving average of $76.52 and a two-hundred day moving average of $74.87. The firm has a market capitalization of $23.51 billion, a P/E ratio of 19.15, a PEG ratio of 2.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.12%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in Restaurant Brands International in the 1st quarter worth $25,000. Pacifica Partners Inc. raised its holdings in Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC raised its holdings in Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Oakworth Capital Inc. bought a new position in Restaurant Brands International in the 4th quarter worth $30,000. Finally, Montag A & Associates Inc. bought a new position in Restaurant Brands International in the 4th quarter worth $30,000. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QSR. Citigroup upped their target price on Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. CIBC reduced their target price on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, January 17th. Piper Sandler reduced their target price on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. KeyCorp upped their target price on Restaurant Brands International from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Loop Capital upped their price target on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.56.

Restaurant Brands International Company Profile

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.