Analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will announce sales of $1.26 billion for the current quarter, according to Zacks. Six analysts have made estimates for Restaurant Brands International’s earnings, with estimates ranging from $1.23 billion to $1.29 billion. Restaurant Brands International posted sales of $1.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The company is expected to issue its next earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.55 billion for the current fiscal year, with estimates ranging from $5.50 billion to $5.68 billion. For the next year, analysts forecast that the business will post sales of $5.86 billion, with estimates ranging from $5.80 billion to $6.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, February 11th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Restaurant Brands International had a return on equity of 30.16% and a net margin of 11.42%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned $0.66 EPS. Restaurant Brands International’s quarterly revenue was up 12.2% compared to the same quarter last year.
A number of brokerages recently issued reports on QSR. Barclays began coverage on Restaurant Brands International in a research note on Friday, March 8th. They set an “overweight” rating and a $61.27 price target for the company. ValuEngine lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Citigroup raised their price target on Restaurant Brands International from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 target price on shares of Restaurant Brands International in a research report on Wednesday, February 13th. Finally, Oppenheimer lifted their target price on Restaurant Brands International from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Restaurant Brands International currently has a consensus rating of “Buy” and an average target price of $69.34.
In other news, COO Joshua Kobza sold 113,577 shares of Restaurant Brands International stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $64.41, for a total value of $7,315,494.57. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexandre Macedo sold 191,964 shares of Restaurant Brands International stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $63.88, for a total value of $12,262,660.32. Following the completion of the transaction, the insider now owns 103,773 shares in the company, valued at $6,629,019.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 441,162 shares of company stock valued at $28,000,343. 3.78% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in shares of Restaurant Brands International by 36.8% during the 4th quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 167 shares during the period. Enlightenment Research LLC bought a new stake in Restaurant Brands International during the fourth quarter worth $42,000. San Francisco Sentry Investment Group CA raised its position in Restaurant Brands International by 166.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 2,317 shares of the restaurant operator’s stock worth $137,000 after acquiring an additional 1,446 shares in the last quarter. Quadrant Capital Group LLC raised its position in Restaurant Brands International by 219.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,813 shares of the restaurant operator’s stock worth $142,000 after acquiring an additional 1,933 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Restaurant Brands International by 52.0% during the third quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 82.96% of the company’s stock.
Shares of QSR stock traded up $0.45 on Friday, reaching $63.15. 73,400 shares of the company’s stock were exchanged, compared to its average volume of 1,881,844. Restaurant Brands International has a 52 week low of $50.20 and a 52 week high of $65.59. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.01 and a current ratio of 1.07. The firm has a market capitalization of $15.66 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.07 and a beta of 1.42.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. Restaurant Brands International’s payout ratio is 68.44%.
Restaurant Brands International Company 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.
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