Enlightenment Research LLC Takes Position in Restaurant Brands International Inc (NYSE:QSR)

Enlightenment Research LLC bought a new stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,100 shares of the restaurant operator’s stock, valued at approximately $292,000.

Other large investors have also made changes to their positions in the company. Coastal Capital Group Inc. acquired a new stake in shares of Restaurant Brands International in the second quarter valued at $28,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the second quarter worth about $31,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Restaurant Brands International during the second quarter worth about $36,000. Contravisory Investment Management Inc. acquired a new stake in shares of Restaurant Brands International during the third quarter worth about $53,000. Finally, Valeo Financial Advisors LLC raised its position in shares of Restaurant Brands International by 185.2% during the third quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 500 shares during the period. Institutional investors own 77.66% of the company’s stock.

Shares of NYSE:QSR traded down $0.34 during trading on Thursday, hitting $69.36. 41,246 shares of the company were exchanged, compared to its average volume of 1,638,608. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.74 and a beta of 1.22. Restaurant Brands International Inc has a fifty-two week low of $50.20 and a fifty-two week high of $79.46. The firm has a fifty day moving average price of $73.06 and a two-hundred day moving average price of $70.48. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 3.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a return on equity of 30.53% and a net margin of 10.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, research analysts predict that Restaurant Brands International Inc will post 2.7 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, September 16th. Restaurant Brands International’s dividend payout ratio (DPR) is 76.05%.

In other Restaurant Brands International news, Director Paul J. Fribourg sold 488,024 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the transaction, the director now owns 58,005 shares of the company’s stock, valued at approximately $4,477,986. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline Friesner sold 26,392 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $77.30, for a total value of $2,040,101.60. Following the transaction, the insider now directly owns 106,352 shares in the company, valued at approximately $8,221,009.60. The disclosure for this sale can be found here. Insiders have sold a total of 840,294 shares of company stock worth $64,840,016 in the last ninety days. Insiders own 4.13% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on Restaurant Brands International in a research report on Monday, July 29th. They issued a “neutral” rating and a $71.00 target price on the stock. UBS Group reissued a “buy” rating and issued a $79.00 target price (up previously from $74.00) on shares of Restaurant Brands International in a research report on Friday, July 12th. Oppenheimer lifted their target price on Restaurant Brands International from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Stephens lifted their target price on Restaurant Brands International from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Co lifted their target price on Restaurant Brands International from $70.00 to $79.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.74.

Restaurant Brands International 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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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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