Restaurant Brands International (NYSE:QSR) reports earnings results

Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) released its quarterly results on Thursday. The restaurant operator reported earnings per share of $0.86 for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01, reports said. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company posted revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion.

Restaurant Brands International share price fell 2.0%

QSR shares fell $1.42 during midday trading on Friday, reaching $70.51. 1,652,602 shares of the company traded hands, compared to its average volume of 1,635,205. The company has a 50-day moving average of $70.19 and a 200-day moving average of $73.55. Restaurant Brands International has a twelve-month low of $61.77 and a twelve-month high of $83.29. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.06 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will receive a dividend of $0.58 per share. The ex-dividend date is Friday, September 20th. This represents an annualized dividend of $2.32 and a dividend yield of 3.29%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Institutional inflows and outflows

Several hedge funds have recently made changes to their holdings in QSR. Raymond James & Associates increased its holdings in shares of Restaurant Brands International by 6.7% in the 4th quarter. Raymond James & Associates now owns 71,123 shares of the restaurant operator’s stock valued at $5,557,000 after buying an additional 4,473 shares during the same period. Fifth Third Bancorp increased its holdings in shares of Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares during the same period. Asset Management One Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at $3,703,000. International Assets Investment Management LLC acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at $5,634,000. Finally, Stratos Wealth Partners LTD. increased its stake in Restaurant Brands International by 20.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,647 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 1,318 shares during the same period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Changes in analyst ratings

QSR has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Restaurant Brands International from $90.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Robert W. Baird increased their price target on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Loop Capital increased their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. TD Cowen reiterated a “buy” rating and issued a $88.00 price target on shares of Restaurant Brands International in a research report on Thursday. Finally, Genuity Capital Markets reduced their price target on shares of Restaurant Brands International from $74.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, May 30. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $83.48.

Get our latest stock analysis on QSR

Restaurant Brands International Company Profile

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Restaurant Brands International Inc. is a quick service restaurant company in Canada, the United States and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK) and Firehouse Subs (FHS). The company owns and operates the TH chain of doughnut/coffee/tea restaurants that offer coffee blends, tea and hot and cold espresso-based specialty beverages, as well as fresh baked goods, including doughnuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups and other food items.