Restaurant Brands International (NYSE:QSR) Stock Price Up 3.1% – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price shot up 3.1% during mid-day trading on Monday . The stock traded as high as $72.75 and last traded at $72.73. 544,447 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,581,752 shares. The stock had previously closed at $70.55.

Analyst Ratings Changes

Several brokerages have issued reports on QSR. Piper Sandler dropped their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Citigroup increased their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Truist Financial lowered their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, Morgan Stanley lowered their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.15.

Restaurant Brands International Stock Up 1.9 %

The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The company has a market cap of $23.28 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The business has a 50-day simple moving average of $70.31 and a 200-day simple moving average of $70.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QSR. Bleakley Financial Group LLC lifted its holdings in shares of Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after buying an additional 154 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 160 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 203 shares during the period. Chase Investment Counsel Corp lifted its holdings in shares of Restaurant Brands International by 5.2% in the 1st quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock valued at $400,000 after buying an additional 247 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Restaurant Brands International by 2.8% in the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock valued at $743,000 after buying an additional 256 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.