Equities Analysts Offer Predictions for QSR FY2024 Earnings

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of Restaurant Brands International in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will earn $3.31 per share for the year, up from their previous estimate of $3.25. The consensus estimate for Restaurant Brands International’s current full-year earnings is $3.31 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.67 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $1.06 EPS and FY2026 earnings at $4.12 EPS.

A number of other research analysts also recently issued reports on QSR. Oppenheimer dropped their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Guggenheim raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. TD Cowen decreased their price objective on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Piper Sandler dropped their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, KeyCorp decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $82.37.

Restaurant Brands International Stock Up 0.6 %

Shares of QSR opened at $69.84 on Friday. The stock’s 50-day moving average price is $70.23 and its two-hundred day moving average price is $70.13. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29. The company has a market capitalization of $22.61 billion, a PE ratio of 17.50, a PEG ratio of 2.26 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. purchased a new position in Restaurant Brands International in the 2nd quarter worth about $200,097,000. National Bank of Canada FI lifted its position in Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the period. Holocene Advisors LP purchased a new stake in Restaurant Brands International in the third quarter worth approximately $89,790,000. Point72 Asset Management L.P. grew its position in Restaurant Brands International by 282.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Restaurant Brands International by 31.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after buying an additional 835,000 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

About Restaurant Brands International

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.