Sciencast Management LP Acquires Shares of 22,213 Restaurant Brands International Inc (QSR)

Sciencast Management LP acquired a new stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,213 shares of the restaurant operator’s stock, valued at approximately $1,209,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Restaurant Brands International by 45.3% in the first quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 900 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Restaurant Brands International by 3.8% in the fourth quarter. Suntrust Banks Inc. now owns 24,646 shares of the restaurant operator’s stock valued at $1,513,000 after purchasing an additional 902 shares during the period. Water Island Capital LLC boosted its stake in shares of Restaurant Brands International by 18.7% in the fourth quarter. Water Island Capital LLC now owns 5,938 shares of the restaurant operator’s stock valued at $365,000 after purchasing an additional 937 shares during the period. Bank of Nova Scotia Trust Co. boosted its stake in shares of Restaurant Brands International by 3.2% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 39,853 shares of the restaurant operator’s stock valued at $2,450,000 after purchasing an additional 1,236 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Restaurant Brands International by 12.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,321 shares of the restaurant operator’s stock valued at $696,000 after purchasing an additional 1,254 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:QSR opened at $60.18 on Thursday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.14 and a current ratio of 1.20. Restaurant Brands International Inc has a fifty-two week low of $53.09 and a fifty-two week high of $68.89. The company has a market capitalization of $14.74 billion, a P/E ratio of 28.66, a PEG ratio of 1.54 and a beta of 1.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 24th. The restaurant operator reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. Restaurant Brands International had a net margin of 12.66% and a return on equity of 26.99%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. analysts predict that Restaurant Brands International Inc will post 2.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. Restaurant Brands International’s payout ratio is currently 85.71%.

Several research analysts have recently commented on the stock. Mizuho assumed coverage on shares of Restaurant Brands International in a research note on Thursday, March 15th. They issued a “buy” rating and a $65.00 price objective for the company. ValuEngine raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Scotiabank reduced their target price on shares of Restaurant Brands International from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, April 26th. BMO Capital Markets cut shares of Restaurant Brands International from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a report on Monday, April 23rd. Finally, TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a report on Thursday, March 15th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $71.13.

Restaurant Brands International 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.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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