Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Stock analysts at Oppenheimer Holdings increased their FY2017 earnings per share estimates for shares of Restaurant Brands International in a report issued on Friday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $2.03 for the year, up from their prior estimate of $1.98. Oppenheimer Holdings currently has a “Outperform” rating and a $75.00 price target on the stock. Oppenheimer Holdings also issued estimates for Restaurant Brands International’s Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $2.80 EPS.

QSR has been the subject of several other research reports. Zacks Investment Research downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Scotiabank upped their target price on Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. OTR Global upgraded Restaurant Brands International to a “positive” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $69.00 target price on shares of Restaurant Brands International in a report on Monday, September 11th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.06.

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Shares of Restaurant Brands International (QSR) opened at 64.59 on Monday. The firm has a market cap of $15.26 billion, a P/E ratio of 45.20 and a beta of 1.77. The stock’s 50 day moving average is $65.13 and its 200 day moving average is $61.50. Restaurant Brands International has a 12 month low of $42.35 and a 12 month high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.49 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.30%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s dividend payout ratio is presently 55.17%.

Restaurant Brands International announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, Director Ali Hedayat purchased 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of $61.32 per share, with a total value of $306,600.00. Following the completion of the purchase, the director now directly owns 25,966 shares in the company, valued at $1,592,235.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jose E. Cil sold 132,911 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $63.77, for a total value of $8,475,734.47. Following the completion of the sale, the executive vice president now directly owns 174,631 shares in the company, valued at $11,136,218.87. The disclosure for this sale can be found here. 3.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of QSR. BNP Paribas Arbitrage SA grew its stake in Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. grew its stake in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 306 shares during the period. Commonwealth Bank of Australia grew its stake in Restaurant Brands International by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock worth $197,000 after purchasing an additional 261 shares during the period. Enterprise Financial Services Corp grew its stake in Restaurant Brands International by 16,250.0% in the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 3,250 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in Restaurant Brands International in the second quarter worth $211,000. 76.24% of the stock is currently owned by institutional investors.

About Restaurant Brands International

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.

Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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