Sanders Morris Harris LLC Buys 10,250 Shares of Restaurant Brands International Inc. $QSR

Sanders Morris Harris LLC bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the third quarter, HoldingsChannel reports. The institutional investor bought 10,250 shares of the restaurant operator’s stock, valued at approximately $729,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QSR. Groupe la Francaise acquired a new position in shares of Restaurant Brands International during the second quarter valued at $27,000. Western Wealth Management LLC bought a new position in Restaurant Brands International in the first quarter valued at about $28,000. CoreCap Advisors LLC increased its position in Restaurant Brands International by 304.3% in the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares during the period. Continuum Advisory LLC acquired a new stake in Restaurant Brands International in the second quarter worth about $37,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Restaurant Brands International in the first quarter worth about $40,000. Institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on QSR. Citigroup boosted their price objective on Restaurant Brands International from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. reduced their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Scotiabank lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Scotia lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Finally, Argus reissued a “hold” rating on shares of Restaurant Brands International in a research note on Friday, September 25th. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.62.

Restaurant Brands International Stock Up 1.6%

NYSE:QSR opened at $72.44 on Thursday. Restaurant Brands International Inc. has a 12-month low of $64.52 and a 12-month high of $81.96. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $25.26 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.93 and a beta of 0.52. The stock’s fifty day simple moving average is $75.02 and its 200-day simple moving average is $75.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. Equities research analysts expect that Restaurant Brands International Inc. will post 4.16 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.