Restaurant Brands International (NYSE:QSR) Shares Up 4.3% After Strong Earnings

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) were up 4.3% during mid-day trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $77.24 and last traded at $77.03. Approximately 1,239,625 shares were traded during trading, a decline of 15% from the average daily volume of 1,456,798 shares. The stock had previously closed at $73.84.

The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, June 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Ratings Changes

A number of analysts recently weighed in on QSR shares. CIBC reduced their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 17th. BMO Capital Markets increased their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Scotiabank increased their price objective on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup increased their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Stephens reaffirmed an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.39.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 over the last three months. Corporate insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in shares of Restaurant Brands International by 223.3% during the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 3,934 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Restaurant Brands International by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock valued at $1,903,000 after purchasing an additional 1,338 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Restaurant Brands International by 4.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock valued at $1,036,000 after purchasing an additional 693 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Restaurant Brands International by 16.1% in the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 878 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Restaurant Brands International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator’s stock valued at $127,816,000 after purchasing an additional 138,215 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 3.5 %

The company’s 50-day moving average price is $76.59 and its 200-day moving average price is $74.51. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78.

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.