Piper Jaffray Companies Equities Analysts Lift Earnings Estimates for Restaurant Brands International Inc (NYSE:QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Piper Jaffray Companies raised their Q2 2019 earnings per share estimates for Restaurant Brands International in a note issued to investors on Monday, April 29th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will post earnings per share of $0.68 for the quarter, up from their prior estimate of $0.67. Piper Jaffray Companies also issued estimates for Restaurant Brands International’s Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $2.75 EPS, Q2 2020 earnings at $0.76 EPS, Q3 2020 earnings at $0.82 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.04 EPS.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.

A number of other research firms also recently weighed in on QSR. Zacks Investment Research raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Friday. Longbow Research downgraded shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $70.50 to $55.00 in a research report on Monday, May 13th. Barclays raised their price target on shares of Restaurant Brands International from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Jefferies Financial Group began coverage on shares of Restaurant Brands International in a research report on Thursday, May 9th. They set a “hold” rating and a $70.00 price target for the company. Finally, ValuEngine raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.83.

Shares of QSR stock traded down $0.13 during mid-day trading on Tuesday, reaching $68.43. 1,106,201 shares of the company were exchanged, compared to its average volume of 1,815,874. Restaurant Brands International has a fifty-two week low of $50.20 and a fifty-two week high of $69.26. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $17.45 billion, a P/E ratio of 26.02, a PEG ratio of 2.75 and a beta of 1.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, June 14th. Restaurant Brands International’s dividend payout ratio is presently 76.05%.

In other Restaurant Brands International news, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the sale, the insider now directly owns 276,457 shares in the company, valued at $17,223,271.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel S. Schwartz sold 1,041,882 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $67.88, for a total value of $70,722,950.16. Following the completion of the sale, the insider now owns 461,637 shares in the company, valued at $31,335,919.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,177,503 shares of company stock valued at $79,145,138. 3.78% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in Restaurant Brands International by 1.8% in the first quarter. Fifth Third Bancorp now owns 9,085 shares of the restaurant operator’s stock valued at $592,000 after buying an additional 160 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Restaurant Brands International by 36.8% in the fourth quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 167 shares during the last quarter. Creative Planning lifted its stake in Restaurant Brands International by 0.4% in the fourth quarter. Creative Planning now owns 44,651 shares of the restaurant operator’s stock valued at $2,335,000 after buying an additional 199 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in Restaurant Brands International by 5.7% in the first quarter. Gulf International Bank UK Ltd now owns 4,613 shares of the restaurant operator’s stock valued at $300,000 after buying an additional 250 shares during the last quarter. Finally, Ironwood Investment Management LLC lifted its stake in Restaurant Brands International by 3.7% in the first quarter. Ironwood Investment Management LLC now owns 8,940 shares of the restaurant operator’s stock valued at $582,000 after buying an additional 320 shares during the last quarter. Institutional investors own 81.47% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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