The Restaurant Brands International Inc. (QSR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS, Report finds

The Restaurant Brands International Inc. (QSR) Releases Quarterly  Earnings Results, Beats Estimates By $0.02 EPS, Report finds

Restaurant Brands International (NYSE:QSR) opened at 51.42 on Monday. The firm has a market cap of $12.04 billion, a PE ratio of 42.81 and a beta of 1.75. Restaurant Brands International has a one year low of $30.69 and a one year high of $51.58. The stock has a 50 day moving average price of $49.09 and a 200 day moving average price of $46.82.

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced its earnings results on Monday. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Restaurant Brands International had a return on equity of 20.84% and a net margin of 11.77%. The firm had revenue of $1.11 billion for the quarter. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in QSR. The Manufacturers Life Insurance Company purchased a new stake in Restaurant Brands International during the third quarter valued at approximately $107,691,000. Royal Bank of Canada boosted its stake in Restaurant Brands International by 22.6% in the second quarter. Royal Bank of Canada now owns 9,425,588 shares of the company’s stock valued at $392,104,000 after buying an additional 1,739,079 shares during the last quarter. Hitchwood Capital Management LP boosted its stake in Restaurant Brands International by 460.0% in the third quarter. Hitchwood Capital Management LP now owns 1,400,000 shares of the company’s stock valued at $62,412,000 after buying an additional 1,150,000 shares during the last quarter. Palestra Capital Management LLC purchased a new stake in Restaurant Brands International during the second quarter valued at approximately $34,528,000. Finally, Fiera Capital Corp boosted its stake in Restaurant Brands International by 1,139.3% in the second quarter. Fiera Capital Corp now owns 870,689 shares of the company’s stock valued at $36,078,000 after buying an additional 800,431 shares during the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on QSR shares. Stephens upgraded Restaurant Brands International from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research note on Wednesday, October 19th. Zacks Investment Research downgraded Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th. Credit Suisse Group restated a “neutral” rating and set a $45.00 target price on shares of Restaurant Brands International in a research note on Friday, November 11th. Royal Bank Of Canada boosted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 25th. Finally, RBC Capital Markets boosted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.55.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

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