News coverage about Restaurant Brands International (NYSE:QSR) (TSE:QSR) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Restaurant Brands International earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Restaurant Brands Intl: Top holder Ackman rings the register (timesofindia.indiatimes.com)
- Restaurant Brands on watch after upgrade, block sale (seekingalpha.com)
- Instinet Starts Coverage on Restaurant Brands International (QSR) With An Initial Rating Of “Buy” (highlightpress.com)
- Credit Suisse AG Raises Stake in Restaurant Brands International (NYSE:QSR) – Insider Tradings (insidertradings.org)
- Restaurant Brands a Growth Gem, But at What Price? (baystreet.ca)
Shares of Restaurant Brands International (NYSE:QSR) traded down 0.21% during mid-day trading on Thursday, reaching $60.95. The company had a trading volume of 855,925 shares. The stock has a 50 day moving average price of $60.36 and a 200 day moving average price of $54.85. The firm has a market capitalization of $14.36 billion, a PE ratio of 42.24 and a beta of 1.81. Restaurant Brands International has a 12-month low of $41.16 and a 12-month high of $62.94.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.16 million. Restaurant Brands International had a return on equity of 21.88% and a net margin of 12.97%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. On average, equities analysts forecast that Restaurant Brands International will post $1.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Monday, May 15th were paid a $0.19 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 11th. Restaurant Brands International’s payout ratio is 52.41%.
Several brokerages have commented on QSR. Nomura began coverage on Restaurant Brands International in a research note on Wednesday. They set a “buy” rating and a $73.00 target price for the company. BidaskClub raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Instinet began coverage on Restaurant Brands International in a research note on Wednesday. They set a “buy” rating and a $73.00 target price for the company. Bank of America Corporation reissued a “neutral” rating and set a $62.00 target price (up previously from $58.00) on shares of Restaurant Brands International in a research note on Tuesday, June 13th. Finally, OTR Global reissued a “positive” rating on shares of Restaurant Brands International in a research note on Tuesday, April 11th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.31.
In other news, EVP Jose E. Cil sold 105,540 shares of Restaurant Brands International stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $59.86, for a total value of $6,317,624.40. Following the sale, the executive vice president now directly owns 58,644 shares in the company, valued at approximately $3,510,429.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jose E. Cil sold 1,760 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $59.75, for a total value of $105,160.00. Following the completion of the sale, the executive vice president now owns 22,855 shares in the company, valued at $1,365,586.25. The disclosure for this sale can be found here. Insiders sold a total of 250,000 shares of company stock worth $14,849,219 over the last ninety days. Insiders own 4.20% of the company’s stock.
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.
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