Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares saw an uptick in trading volume on Wednesday . 4,488,290 shares changed hands during mid-day trading, an increase of 174% from the previous session’s volume of 1,638,462 shares.The stock last traded at $69.54 and had previously closed at $69.28.

Analysts Set New Price Targets

A number of research analysts have weighed in on QSR shares. The Goldman Sachs Group started coverage on Restaurant Brands International in a research note on Thursday, June 13th. They set a “buy” rating and a $80.00 price target on the stock. Guggenheim boosted their price objective 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 reiterated a “buy” rating and set a $82.00 price target on shares of Restaurant Brands International in a research report on Thursday, September 12th. Truist Financial decreased their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, Royal Bank of Canada boosted their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.11.

Restaurant Brands International Stock Down 0.0 %

The company’s 50-day moving average is $70.30 and its 200 day moving average is $72.11. 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 capitalization of $21.94 billion, a PE ratio of 17.86, a P/E/G ratio of 2.08 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.36 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated 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 owns 37,179 shares in the company, valued at $2,551,594.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in Restaurant Brands International in the 4th quarter worth about $79,000. Dimensional Fund Advisors LP boosted its stake in Restaurant Brands International by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock valued at $51,058,000 after purchasing an additional 5,192 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Restaurant Brands International by 20.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,569 shares of the restaurant operator’s stock worth $435,000 after buying an additional 962 shares in the last quarter. Quadrant Capital Group LLC grew its position in Restaurant Brands International by 11.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,000 shares of the restaurant operator’s stock worth $156,000 after buying an additional 212 shares during the last quarter. Finally, Financial Advocates Investment Management grew its holdings in shares of Restaurant Brands International by 22.1% in the 4th quarter. Financial Advocates Investment Management now owns 4,121 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 745 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.