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Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) – Research analysts at Oppenheimer boosted their FY2022 earnings per share (EPS) estimates for Restaurant Brands International in a report issued on Thursday, January 5th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $3.12 for the year, up from their previous estimate of $3.10. The consensus estimate for Restaurant Brands International’s current full-year earnings is $3.13 per share. Oppenheimer also issued estimates for Restaurant Brands International’s Q1 2023 earnings at $0.64 EPS, Q2 2023 earnings at $0.80 EPS, Q3 2023 earnings at $0.87 EPS, Q4 2023 earnings at $0.81 EPS and FY2024 earnings at $3.46 EPS.
Several other equities analysts have also issued reports on QSR. Morgan Stanley raised Restaurant Brands International from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $56.00 to $71.00 in a research report on Monday, November 21st. Cowen lifted their price objective on Restaurant Brands International from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, November 4th. Royal Bank of Canada lifted their price objective on Restaurant Brands International from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. OTR Global upgraded Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday, October 10th. Finally, The Goldman Sachs Group upgraded Restaurant Brands International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $64.00 in a report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.78.
Restaurant Brands International Price Performance
QSR opened at $64.39 on Friday. The stock has a 50-day moving average price of $64.34 and a 200-day moving average price of $58.54. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market cap of $19.79 billion, a PE ratio of 20.84, a P/E/G ratio of 2.25 and a beta of 0.96. Restaurant Brands International has a 1 year low of $46.68 and a 1 year high of $68.54.
Restaurant Brands International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were issued a $0.54 dividend. The ex-dividend date was Tuesday, December 20th. This represents a $2.16 dividend on an annualized basis and a yield of 3.35%. Restaurant Brands International’s dividend payout ratio is presently 69.90%.
Insider Buying and Selling
In related news, insider Thomas Benjamin Curtis sold 1,784 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total value of $116,887.68. Following the transaction, the insider now directly owns 8,271 shares of the company’s stock, valued at approximately $541,915.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider David Chan Shear sold 169,478 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $67.79, for a total transaction of $11,488,913.62. Following the transaction, the insider now owns 157,267 shares of the company’s stock, valued at approximately $10,661,129.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Benjamin Curtis sold 1,784 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total value of $116,887.68. Following the transaction, the insider now directly owns 8,271 shares in the company, valued at approximately $541,915.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,262 shares of company stock valued at $12,611,251. Corporate insiders own 1.36% of the company’s stock.
Hedge Funds Weigh In On Restaurant Brands International
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International during the 3rd quarter worth $344,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International during the 3rd quarter worth $27,000. Balyasny Asset Management LLC purchased a new stake in shares of Restaurant Brands International during the 3rd quarter worth $12,896,000. Baird Financial Group Inc. lifted its stake in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Baird Financial Group Inc. now owns 5,984 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 547 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in shares of Restaurant Brands International by 12.5% during the 3rd quarter. United Services Automobile Association now owns 14,319 shares of the restaurant operator’s stock worth $762,000 after purchasing an additional 1,593 shares during the last quarter. Institutional investors own 77.87% of the company’s stock.
About Restaurant Brands International
(Get Rating)
Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.
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