Media stories about Restaurant Brands International (NYSE:QSR) (TSE:QSR) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Restaurant Brands International earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 45.5928620210974 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Restaurant Brands International Inc. (QSR) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- $1.20 Billion in Sales Expected for Restaurant Brands International Inc. (QSR) This Quarter (americanbankingnews.com)
- Restaurant Brands International Inc. (QSR) Ex-Dividend Date Scheduled for September 14, 2017 – Nasdaq (nasdaq.com)
- Restaurant Brands International Inc. (QSR) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Brokerages Anticipate Restaurant Brands International Inc. (QSR) Will Post Earnings of $0.49 Per Share (americanbankingnews.com)
Several research analysts have recently issued reports on QSR shares. Zacks Investment Research downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 19th. CIBC upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, June 14th. Nomura assumed coverage on Restaurant Brands International in a report on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price objective for the company. Piper Jaffray Companies restated an “overweight” rating and issued a $66.00 price objective on shares of Restaurant Brands International in a report on Tuesday, June 6th. Finally, Scotiabank upped their price target on shares of Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Five equities 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 an average target price of $65.69.
Shares of Restaurant Brands International (NYSE:QSR) traded down 0.24% on Friday, reaching $63.02. 1,646,529 shares of the company’s stock traded hands. Restaurant Brands International has a 52-week low of $42.35 and a 52-week high of $64.97. The firm’s 50-day moving average is $61.18 and its 200-day moving average is $59.05. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 44.10 and a beta of 1.77.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. 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 $0.41 EPS. Analysts anticipate that Restaurant Brands International will post $1.89 EPS for the current fiscal year.
Restaurant Brands International declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 14th. Restaurant Brands International’s payout ratio is 52.78%.
In other news, Director Ali Hedayat bought 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $61.32 per share, with a total value of $306,600.00. Following the acquisition, the director now directly owns 25,966 shares in the company, valued at $1,592,235.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by insiders.
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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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