Traders Purchase Large Volume of Call Options on Restaurant Brands International (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 13,202 call options on the company. This represents an increase of approximately 430% compared to the typical volume of 2,490 call options.

QSR opened at $66.05 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.65 and a debt-to-equity ratio of 3.22. The firm has a market cap of $20.28 billion, a PE ratio of 35.90, a P/E/G ratio of 2.62 and a beta of 1.19. The business has a fifty day simple moving average of $65.10 and a 200-day simple moving average of $60.73. Restaurant Brands International has a fifty-two week low of $42.01 and a fifty-two week high of $68.48.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 10th. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.13). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Restaurant Brands International had a net margin of 11.00% and a return on equity of 26.67%. On average, equities research analysts anticipate that Restaurant Brands International will post 2.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 6th. Stockholders of record on Tuesday, March 23rd were issued a dividend of $0.53 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, March 22nd. Restaurant Brands International’s payout ratio is currently 77.94%.

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on Restaurant Brands International from $62.00 to $65.00 in a research report on Monday, December 28th. KeyCorp reduced their price target on shares of Restaurant Brands International from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, February 12th. Royal Bank of Canada lowered their price objective on shares of Restaurant Brands International from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, February 12th. Stephens cut their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, February 11th. Finally, Morgan Stanley boosted their price objective on Restaurant Brands International from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.38.

In other news, insider David Chan Shear sold 2,750 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $61.25, for a total value of $168,437.50. Following the completion of the sale, the insider now owns 175,497 shares of the company’s stock, valued at approximately $10,749,191.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sami A. Siddiqui sold 65,784 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $60.31, for a total transaction of $3,967,433.04. Following the completion of the sale, the insider now owns 250,389 shares in the company, valued at approximately $15,100,960.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,750 shares of company stock valued at $25,726,778. Insiders own 3.69% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Beutel Goodman & Co Ltd. acquired a new position in Restaurant Brands International in the 4th quarter worth about $222,862,000. RiverGlades Family Offices LLC bought a new stake in Restaurant Brands International in the fourth quarter worth $205,000. Bennett Selby Investments LP acquired a new position in Restaurant Brands International during the fourth quarter worth $2,397,000. Sei Investments Co. raised its holdings in Restaurant Brands International by 3.0% during the third quarter. Sei Investments Co. now owns 442,749 shares of the restaurant operator’s stock valued at $25,461,000 after buying an additional 13,090 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Restaurant Brands International by 4.7% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 161,949 shares of the restaurant operator’s stock worth $9,894,000 after buying an additional 7,318 shares during the last quarter. Institutional investors and hedge funds own 79.46% of the company’s stock.

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) brands. 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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