Jill Granat Sells 35,621 Shares of Restaurant Brands International Inc (QSR) Stock
Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 35,621 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the sale, the insider now directly owns 276,457 shares of the company’s stock, valued at $17,223,271.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE QSR opened at $62.70 on Friday. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 2.07 and a beta of 1.42. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 3.33. Restaurant Brands International Inc has a fifty-two week low of $50.20 and a fifty-two week high of $65.59.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Monday, February 11th. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Restaurant Brands International had a return on equity of 30.16% and a net margin of 11.42%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. As a group, equities research analysts forecast that Restaurant Brands International Inc will post 2.76 EPS for the current fiscal year.
QSR has been the subject of several research reports. Oppenheimer lifted their price target on Restaurant Brands International from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 12th. BMO Capital Markets raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price target for the company in a report on Wednesday, January 23rd. ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research cut Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Finally, Barclays initiated coverage on Restaurant Brands International in a report on Friday, March 8th. They set an “overweight” rating and a $61.27 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $69.34.
A number of hedge funds and other institutional investors have recently made changes to their positions in QSR. Bank of New York Mellon Corp raised its holdings in Restaurant Brands International by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 304,385 shares of the restaurant operator’s stock valued at $18,354,000 after acquiring an additional 6,298 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Restaurant Brands International by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,819 shares of the restaurant operator’s stock valued at $1,105,000 after acquiring an additional 2,088 shares in the last quarter. Comerica Bank raised its holdings in Restaurant Brands International by 8.4% in the 3rd quarter. Comerica Bank now owns 14,425 shares of the restaurant operator’s stock valued at $819,000 after acquiring an additional 1,117 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Restaurant Brands International by 162.1% in the 3rd quarter. GW&K Investment Management LLC now owns 520,987 shares of the restaurant operator’s stock valued at $30,884,000 after acquiring an additional 322,232 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Restaurant Brands International by 3.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 724,321 shares of the restaurant operator’s stock valued at $42,813,000 after acquiring an additional 22,037 shares in the last quarter. 82.96% of the stock is owned by hedge funds and other institutional investors.
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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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