Restaurant Brands International (QSR) Earning Somewhat Positive Press Coverage, Analysis Finds
News coverage about Restaurant Brands International (NYSE:QSR) (TSE:QSR) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Restaurant Brands International earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 45.7054848600387 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Is it a Good Time to Add Fastenal to Your Portfolio Now? – Nasdaq (nasdaq.com)
- Restaurant Brands International (QSR) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Burger King Plans to Add Delivery (finance.yahoo.com)
- Restaurant Brands International Inc. (NYSE:QSR) – What PEG is Telling To Potential Investors – Nasdaq Journal (press release) (nasdaqjournal.com)
- Is BG Staffing Inc (NYSEMKT:BGSF) A Buy At Its Current PE Ratio? (finance.yahoo.com)
QSR has been the topic of several research analyst reports. Oppenheimer upped their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. Royal Bank of Canada upped their price objective on Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, October 18th. OTR Global upgraded Restaurant Brands International to a “positive” rating in a research note on Monday, October 16th. Finally, UBS Group set a $74.00 price objective on Restaurant Brands International and gave the company a “buy” rating in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.82.
Shares of Restaurant Brands International (NYSE:QSR) traded down $0.71 during midday trading on Tuesday, hitting $60.57. The stock had a trading volume of 654,732 shares, compared to its average volume of 1,117,483. The company has a market capitalization of $14,556.00, a price-to-earnings ratio of 41.77, a P/E/G ratio of 1.82 and a beta of 1.69. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. Restaurant Brands International has a one year low of $46.88 and a one year high of $68.89.
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 Zacks’ consensus estimate of $0.49 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. research analysts predict that Restaurant Brands International will post 1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is 57.93%.
In other Restaurant Brands International news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total transaction of $262,073,431.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jose E. Cil sold 132,911 shares of the firm’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 transaction, the executive vice president now owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,249,909 shares of company stock worth $339,590,312. 3.05% of the stock is owned by corporate insiders.
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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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