Restaurant Brands International (NYSE:QSR) Announces Quarterly Earnings Results, Misses Estimates By $0.29 EPS

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

Restaurant Brands International Price Performance

QSR stock opened at $65.67 on Thursday. The stock has a market cap of $21.31 billion, a PE ratio of 16.46, a P/E/G ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The company has a 50-day moving average price of $64.40 and a 200 day moving average price of $68.08. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the subject of several research analyst reports. CIBC cut their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Barclays cut their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America boosted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Citigroup cut their target price on shares of Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research note on Thursday, January 30th. Finally, Oppenheimer decreased their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Restaurant Brands International Company Profile

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.