Ali Hedayat Purchases 5,000 Shares of Restaurant Brands International Inc (QSR) Stock

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) Director Ali Hedayat acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $58.00 per share, with a total value of $290,000.00. Following the completion of the acquisition, the director now directly owns 37,592 shares in the company, valued at approximately $2,180,336. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Restaurant Brands International Inc (NYSE QSR) traded down $0.19 during trading on Thursday, hitting $57.52. 763,318 shares of the company traded hands, compared to its average volume of 1,982,352. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. The company has a market cap of $14,092.51, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. Restaurant Brands International Inc has a 52 week low of $53.47 and a 52 week high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 25.57%. Restaurant Brands International’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. equities analysts anticipate that Restaurant Brands International Inc will post 2.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.45 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.21. This represents a $1.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 33.07%.

QSR has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Evercore ISI initiated coverage on shares of Restaurant Brands International in a report on Monday, December 11th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, Oppenheimer increased their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Restaurant Brands International currently has a consensus rating of “Buy” and an average price target of $70.35.

Large investors have recently added to or reduced their stakes in the business. Stevens Capital Management LP bought a new stake in Restaurant Brands International during the 3rd quarter valued at about $1,003,000. Suvretta Capital Management LLC increased its stake in Restaurant Brands International by 12.1% during the 3rd quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock valued at $246,660,000 after purchasing an additional 415,540 shares in the last quarter. Highstreet Asset Management Inc. increased its stake in Restaurant Brands International by 40.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock valued at $3,358,000 after purchasing an additional 15,012 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Restaurant Brands International during the 3rd quarter valued at about $2,126,000. Finally, Bessemer Group Inc. increased its stake in Restaurant Brands International by 0.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,601,194 shares of the restaurant operator’s stock valued at $102,285,000 after purchasing an additional 12,006 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

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Restaurant Brands International Company Profile

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.

Insider Buying and Selling by Quarter for Restaurant Brands International (NYSE:QSR)

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