Townsquare Capital LLC Has $806,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Townsquare Capital LLC decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,089 shares of the restaurant operator’s stock after selling 13,333 shares during the quarter. Townsquare Capital LLC’s holdings in Restaurant Brands International were worth $806,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QSR. GeoWealth Management LLC increased its holdings in Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock worth $162,000 after buying an additional 163 shares during the last quarter. Capital Analysts LLC increased its holdings in Restaurant Brands International by 24.3% during the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after buying an additional 186 shares during the last quarter. Dunhill Financial LLC increased its holdings in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Restaurant Brands International by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator’s stock worth $224,000 after buying an additional 226 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after buying an additional 255 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on QSR shares. Bank of America lowered their target price on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, July 18th. CIBC decreased their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a report on Friday, May 9th. Guggenheim upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Barclays decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.04.

Restaurant Brands International Trading Up 0.3%

QSR opened at $65.35 on Friday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a 50-day simple moving average of $67.52 and a 200 day simple moving average of $66.55. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 2.81 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.8%. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

Insiders Place Their Bets

In other news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International 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.