Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) Director Ali Hedayat acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of C$72.86 per share, with a total value of C$364,300.00.
Shares of Restaurant Brands International Inc (TSE:QSR) opened at C$74.15 on Friday. The firm has a market cap of $33,720.00, a P/E ratio of 80.60 and a beta of 1.14. Restaurant Brands International Inc has a fifty-two week low of C$69.33 and a fifty-two week high of C$88.36.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings data on Monday, February 12th. The company reported C$0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.12. The company had revenue of C$1.57 billion during the quarter, compared to analyst estimates of C$1.59 billion. Restaurant Brands International had a net margin of 20.42% and a return on equity of 18.07%.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.554 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.26. Restaurant Brands International’s dividend payout ratio (DPR) is currently 80.43%.
Several research firms have recently weighed in on QSR. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. BMO Capital Markets set a C$72.00 price objective on shares of Restaurant Brands International and gave the stock an “outperform” rating in a report on Thursday, February 1st. Cowen dropped their price objective on shares of Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. Finally, Royal Bank of Canada raised their price objective on shares of Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$80.20.
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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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