Restaurant Brands International Sees Unusually Large Options Volume (QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the recipient of unusually large options trading on Friday. Stock investors purchased 1,669 call options on the company. This is an increase of 1,303% compared to the typical volume of 119 call options.

Restaurant Brands International (QSR) opened at $60.79 on Wednesday. Restaurant Brands International has a fifty-two week low of $46.88 and a fifty-two week high of $68.89. The stock has a market capitalization of $14,480.00 and a price-to-earnings ratio of 33.29. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Restaurant Brands International will post 1.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.38%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s payout ratio is 55.56%.

In other news, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $64.58 per share, with a total value of $322,900.00. Following the transaction, the director now directly owns 30,966 shares in the company, valued at approximately $1,999,784.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of Restaurant Brands International stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $64.70, for a total value of $262,073,431.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,249,909 shares of company stock valued at $339,590,312 over the last three months. 3.05% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC grew its stake in Restaurant Brands International by 2,938.5% during the 3rd quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after buying an additional 1,910 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Restaurant Brands International by 10.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Restaurant Brands International by 9.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 261 shares during the last quarter. Enterprise Financial Services Corp grew its stake in Restaurant Brands International by 16,250.0% during the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock valued at $209,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in Restaurant Brands International during the 2nd quarter valued at about $211,000. Hedge funds and other institutional investors own 78.39% of the company’s stock.

A number of equities research analysts have weighed in on QSR shares. Zacks Investment Research lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Bank of America reiterated a “neutral” rating and issued a $62.00 price target on shares of Restaurant Brands International in a report on Monday, August 14th. Oppenheimer lifted their price target on Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. UBS set a $68.00 price target on Restaurant Brands International and gave the company a “buy” rating in a report on Tuesday, August 22nd. Finally, Credit Suisse Group upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $60.00 to $74.00 in a report on Thursday, September 7th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.88.

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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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