Restaurant Brands International (NYSE:QSR) Issues Earnings Results

Restaurant Brands International (NYSE:QSR) (TSE:QSR) announced its earnings results on Wednesday. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29), Zacks reports. Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%.

Restaurant Brands International Stock Up 1.1 %

QSR stock traded up $0.72 during mid-day trading on Wednesday, hitting $67.61. 1,290,762 shares of the company were exchanged, compared to its average volume of 2,174,815. The company has a market capitalization of $21.94 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The firm has a fifty day simple moving average of $64.51 and a 200 day simple moving average of $68.10. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $83.29.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Granat sold 81,387 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. TD Securities reiterated a “buy” rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Wednesday. Royal Bank of Canada reduced their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Oppenheimer dropped their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $79.33.

About Restaurant Brands International

Restaurant Brands International Inc operates as 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 franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.