Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Equities researchers at Oppenheimer Holdings upped their FY2017 earnings estimates for shares of Restaurant Brands International in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings of $2.03 per share for the year, up from their previous estimate of $1.98. Oppenheimer Holdings currently has a “Outperform” rating and a $75.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Restaurant Brands International’s Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $2.80 EPS.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a return on equity of 24.53% and a net margin of 12.40%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/10/30/restaurant-brands-international-inc-forecasted-to-earn-fy2017-earnings-of-2-03-per-share-qsr.html.
Other equities analysts also recently issued reports about the stock. UBS AG reissued a “buy” rating and issued a $68.00 price target (up from $64.00) on shares of Restaurant Brands International in a research note on Thursday, August 3rd. Royal Bank Of Canada increased their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. BidaskClub downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank increased their price target on shares of Restaurant Brands International from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, September 18th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of “Buy” and an average price target of $69.06.
Shares of Restaurant Brands International (NYSE:QSR) opened at 65.15 on Monday. The stock has a 50 day moving average price of $65.10 and a 200 day moving average price of $61.34. The firm has a market capitalization of $15.39 billion, a P/E ratio of 45.59 and a beta of 1.77. Restaurant Brands International has a 52 week low of $42.35 and a 52 week high of $68.89.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Restaurant Brands International by 9.0% during the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 261 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Restaurant Brands International by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of Restaurant Brands International by 16,250.0% during the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 3,250 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $211,000. 76.42% of the stock is owned by institutional investors and hedge funds.
In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $61.32 per share, with a total value of $306,600.00. Following the completion of the purchase, the director now owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jose E. Cil sold 132,911 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the transaction, the executive vice president now directly owns 174,631 shares of the company’s stock, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by company insiders.
Restaurant Brands International announced that its board has approved a share buyback plan on Wednesday, August 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.21 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 55.17%.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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