Restaurant Brands International Sees Unusually Large Options Volume (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) was the target of some unusual options trading on Wednesday. Traders purchased 4,714 call options on the stock. This is an increase of 1,451% compared to the average volume of 304 call options.

Several equities research analysts have weighed in on QSR shares. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, September 18th. UBS Group set a $74.00 target price on Restaurant Brands International and gave the stock a “buy” rating in a research report on Monday, October 16th. OTR Global raised Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Oppenheimer increased their target price on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada increased their target price on Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $70.00.

In other Restaurant Brands International news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total value of $262,073,431.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $64.58 per share, for a total transaction of $322,900.00. Following the completion of the transaction, the director now directly owns 30,966 shares of the company’s stock, valued at $1,999,784.28. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 5,056,166 shares of company stock worth $327,220,722. Corporate insiders own 3.05% of the company’s stock.

Several large investors have recently added to or reduced their stakes in QSR. FMR LLC grew its stake in shares of Restaurant Brands International by 10.9% in the second quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock worth $969,362,000 after purchasing an additional 1,528,447 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Restaurant Brands International by 3,083.6% during the third quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock valued at $80,332,000 after buying an additional 1,218,041 shares in the last quarter. Fiera Capital Corp boosted its stake in Restaurant Brands International by 481.6% during the second quarter. Fiera Capital Corp now owns 1,338,343 shares of the restaurant operator’s stock valued at $83,591,000 after buying an additional 1,108,231 shares in the last quarter. Argent Capital Management LLC bought a new position in Restaurant Brands International during the third quarter valued at about $33,235,000. Finally, Balyasny Asset Management LLC bought a new position in Restaurant Brands International during the second quarter valued at about $29,644,000. 78.35% of the stock is owned by institutional investors.

Restaurant Brands International (NYSE:QSR) opened at $61.22 on Friday. Restaurant Brands International has a 52 week low of $47.75 and a 52 week high of $68.89. The stock has a market capitalization of $14,540.00, a price-to-earnings ratio of 42.51, a PEG ratio of 1.39 and a beta of 1.68. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts expect that Restaurant Brands International will post 2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were paid a $0.21 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. Restaurant Brands International’s dividend payout ratio is presently 58.33%.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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