Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) saw unusually-strong trading volume on Monday . Approximately 4,844,074 shares traded hands during trading, an increase of 150% from the previous session’s volume of 1,939,371 shares.The stock last traded at $66.15 and had previously closed at $66.07.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley increased their target price on Restaurant Brands International from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Truist Financial lowered their price target on Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer lifted their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. Scotiabank upgraded shares of Restaurant Brands International to a “hold” rating and set a $75.00 price objective on the stock in a research report on Wednesday, June 18th. Finally, Citigroup lowered their target price on Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.68.

Restaurant Brands International Stock Performance

The stock has a market cap of $21.64 billion, a PE ratio of 22.39, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a fifty day moving average price of $67.48 and a 200 day moving average price of $65.73. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International’s payout ratio is 84.07%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider now owns 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is owned by insiders.

Institutional Trading of Restaurant Brands International

Large investors have recently made changes to their positions in the business. Allworth Financial LP boosted its position in Restaurant Brands International by 205.6% during the fourth quarter. Allworth Financial LP now owns 1,751 shares of the restaurant operator’s stock worth $106,000 after purchasing an additional 1,178 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. Private Advisor Group LLC boosted its stake in Restaurant Brands International by 7.3% during the fourth quarter. Private Advisor Group LLC now owns 3,828 shares of the restaurant operator’s stock worth $250,000 after buying an additional 261 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the last quarter. Finally, Quartz Partners LLC grew its holdings in shares of Restaurant Brands International by 5.0% in the fourth quarter. Quartz Partners LLC now owns 8,669 shares of the restaurant operator’s stock valued at $565,000 after purchasing an additional 409 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.