Baskin Financial Services Inc. Buys 4,424 Shares of Restaurant Brands International Inc. $QSR

Baskin Financial Services Inc. raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 346,623 shares of the restaurant operator’s stock after purchasing an additional 4,424 shares during the period. Restaurant Brands International accounts for approximately 1.7% of Baskin Financial Services Inc.’s holdings, making the stock its 27th biggest position. Baskin Financial Services Inc.’s holdings in Restaurant Brands International were worth $22,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of Restaurant Brands International by 76.8% during the 1st quarter. Farther Finance Advisors LLC now owns 992 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 431 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Restaurant Brands International by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,655 shares of the restaurant operator’s stock valued at $1,710,000 after buying an additional 1,010 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Restaurant Brands International by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator’s stock valued at $392,000 after buying an additional 470 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter valued at about $206,000. Finally, Advisor Resource Council purchased a new stake in shares of Restaurant Brands International during the 1st quarter valued at about $333,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $66.67 on Friday. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The firm has a market capitalization of $21.85 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.90 and a beta of 0.65. The company’s 50-day moving average is $64.72 and its 200 day moving average is $66.28.

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

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

Analysts Set New Price Targets

QSR has been the topic of several recent research reports. Truist Financial upped their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Morgan Stanley decreased their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Monday, July 14th. Barclays reduced 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 research report on Friday, August 8th. Finally, Scotiabank increased their price objective on shares of Restaurant Brands International from $71.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Hold” and a consensus price target of $75.13.

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.