Restaurant Brands International (QSR) Shares Gap Up After Strong Earnings

Shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $62.97, but opened at $63.72. Restaurant Brands International shares last traded at $63.52, with a volume of 83702 shares changing hands.

The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.45. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.

QSR has been the topic of a number of recent analyst reports. Wells Fargo & Co dropped their price target on shares of Restaurant Brands International from $63.00 to $62.00 and set a “market perform” rating on the stock in a report on Thursday, October 25th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Thursday, October 18th. Robert W. Baird reaffirmed a “buy” rating and set a $66.00 price target on shares of Restaurant Brands International in a report on Thursday, January 3rd. BMO Capital Markets raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price target on the stock in a report on Wednesday, January 23rd. Finally, SunTrust Banks assumed coverage on shares of Restaurant Brands International in a research note on Tuesday, January 8th. They issued a “buy” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.21.

Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in shares of Restaurant Brands International by 36.8% in the 4th quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 167 shares during the period. Creative Planning raised its stake in Restaurant Brands International by 0.4% during the 4th quarter. Creative Planning now owns 44,651 shares of the restaurant operator’s stock worth $2,335,000 after acquiring an additional 199 shares during the period. CLARET ASSET MANAGEMENT Corp raised its stake in Restaurant Brands International by 9.6% during the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 6,695 shares of the restaurant operator’s stock worth $350,000 after acquiring an additional 587 shares during the period. Chartwell Investment Partners LLC raised its stake in Restaurant Brands International by 0.5% during the 4th quarter. Chartwell Investment Partners LLC now owns 146,246 shares of the restaurant operator’s stock worth $7,649,000 after acquiring an additional 740 shares during the period. Finally, Enlightenment Research LLC bought a new stake in Restaurant Brands International during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.

The company has a market capitalization of $16.16 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.85 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.27 and a debt-to-equity ratio of 2.73.

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Restaurant Brands International Company Profile (NYSE:QSR)

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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