Bleakley Financial Group LLC Acquires 161 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Bleakley Financial Group LLC raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,137 shares of the restaurant operator’s stock after buying an additional 161 shares during the period. Bleakley Financial Group LLC’s holdings in Restaurant Brands International were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QSR. First Horizon Advisors Inc. grew its position in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the period. D.A. Davidson & CO. boosted its stake in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 179 shares during the period. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Arvest Investments Inc. increased its holdings in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after purchasing an additional 197 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after acquiring an additional 210 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on QSR. Argus lowered their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. TD Cowen dropped their target price 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. CIBC dropped their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Evercore ISI decreased their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.33.

Insider Buying and Selling

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 over the last 90 days. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Down 1.8 %

Restaurant Brands International stock opened at $65.67 on Thursday. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The business’s fifty day moving average is $64.51 and its 200 day moving average is $68.10. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $21.31 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.3 EPS for the current year.

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.