Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Oppenheimer raised their Q1 2020 earnings estimates for shares of Restaurant Brands International in a report issued on Monday, February 10th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will earn $0.62 per share for the quarter, up from their prior estimate of $0.61. Oppenheimer currently has a “Buy” rating and a $76.00 price objective on the stock.
QSR has been the subject of several other research reports. Bank of America downgraded shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 8th. Cowen increased their price target on shares of Restaurant Brands International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. KeyCorp dropped their price target on shares of Restaurant Brands International from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. ValuEngine raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Longbow Research reaffirmed a “buy” rating on shares of Restaurant Brands International in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Restaurant Brands International presently has a consensus rating of “Buy” and a consensus price target of $75.80.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 11.48% and a return on equity of 32.40%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 73.53%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in Restaurant Brands International by 14.7% during the 4th quarter. Advisors Asset Management Inc. now owns 13,497 shares of the restaurant operator’s stock worth $861,000 after acquiring an additional 1,730 shares in the last quarter. Captrust Financial Advisors raised its stake in Restaurant Brands International by 290.5% during the 4th quarter. Captrust Financial Advisors now owns 5,948 shares of the restaurant operator’s stock worth $388,000 after acquiring an additional 4,425 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Restaurant Brands International by 91.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 390,834 shares of the restaurant operator’s stock worth $24,922,000 after acquiring an additional 187,031 shares in the last quarter. Blueshift Asset Management LLC raised its stake in Restaurant Brands International by 323.4% during the 4th quarter. Blueshift Asset Management LLC now owns 80,391 shares of the restaurant operator’s stock worth $5,127,000 after acquiring an additional 61,405 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in Restaurant Brands International during the 4th quarter worth $234,000. Institutional investors and hedge funds own 77.46% of the company’s stock.
About Restaurant Brands International
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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