Restaurant Brands International Sees Unusually Large Options Volume (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the recipient of some unusual options trading on Thursday. Stock traders purchased 20,187 call options on the company. This represents an increase of approximately 785% compared to the average volume of 2,282 call options.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were 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 $17,031,935.12. This represents a 21.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Andra AP fonden raised its position in shares of Restaurant Brands International by 5,141.7% in the second quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock worth $4,561,000 after buying an additional 61,700 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Restaurant Brands International by 150.7% during the second quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock worth $2,641,000 after purchasing an additional 21,897 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Restaurant Brands International by 1,440.5% in the second quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock worth $6,843,000 after purchasing an additional 88,246 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Restaurant Brands International in the second quarter valued at approximately $352,000. Finally, Allworth Financial LP lifted its position in Restaurant Brands International by 6.4% during the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 136 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Robert W. Baird lifted their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. TD Cowen increased their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Scotiabank dropped their price target on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Scotia cut their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.71.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $69.75 on Friday. Restaurant Brands International has a 1 year low of $64.52 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The business has a fifty day simple moving average of $75.63 and a two-hundred day simple moving average of $75.48. The company has a market capitalization of $24.33 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.00 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, analysts expect that Restaurant Brands International will post 4.01 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Restaurant Brands International Company Profile

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.