Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – KeyCorp lowered their Q1 2020 earnings estimates for shares of Restaurant Brands International in a report issued on Monday, February 10th. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will earn $0.61 per share for the quarter, down from their prior forecast of $0.62. KeyCorp has a “Overweight” rating and a $72.00 price objective on the stock. KeyCorp also issued estimates for Restaurant Brands International’s Q4 2020 earnings at $0.80 EPS and Q4 2021 earnings at $0.87 EPS.
QSR has been the topic of a number of other reports. ValuEngine upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price target on shares of Restaurant Brands International in a research report on Thursday. Bank of America lowered Restaurant Brands International from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 8th. Stifel Nicolaus began coverage on Restaurant Brands International in a report on Thursday, December 12th. They issued a “hold” rating and a $68.00 price objective for the company. Finally, Cowen raised their target price on Restaurant Brands International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $75.80.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, February 10th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.40% and a net margin of 11.48%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $0.68 EPS. Restaurant Brands International’s quarterly revenue was up 6.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, March 13th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.50. Restaurant Brands International’s dividend payout ratio (DPR) is 73.53%.
Several institutional investors and hedge funds have recently modified their holdings of QSR. Prime Capital Investment Advisors LLC acquired a new position in Restaurant Brands International during the third quarter worth $30,000. Parallel Advisors LLC boosted its stake in shares of Restaurant Brands International by 279.5% in the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 313 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Restaurant Brands International by 2,494.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 441 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 424 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Restaurant Brands International by 144.4% in the 4th quarter. NEXT Financial Group Inc now owns 594 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 351 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Restaurant Brands International by 185.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.
Restaurant Brands International Company Profile
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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