Pacific Grove Capital LP lifted its stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,500 shares of the restaurant operator’s stock after buying an additional 8,003 shares during the quarter. Pacific Grove Capital LP’s holdings in Restaurant Brands International were worth $2,704,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Delpha Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $147,000. Elkfork Partners LLC acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $177,000. Moneta Group Investment Advisors LLC grew its position in shares of Restaurant Brands International by 45.3% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock worth $164,000 after buying an additional 900 shares during the period. Synovus Financial Corp acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $196,000. Finally, Virtu Financial LLC acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $213,000. 73.03% of the stock is owned by institutional investors.
Restaurant Brands International opened at $60.30 on Friday, according to Marketbeat. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 2.83. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.55 and a beta of 1.50. Restaurant Brands International Inc has a 1 year low of $53.09 and a 1 year high of $68.89.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, April 24th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.13 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 26.99%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. analysts expect that Restaurant Brands International Inc will post 2.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, May 14th. Restaurant Brands International’s dividend payout ratio is 85.71%.
QSR has been the subject of several recent analyst reports. TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a research report on Thursday, March 15th. Mizuho began coverage on shares of Restaurant Brands International in a research report on Thursday, March 15th. They issued a “buy” rating and a $65.00 price target for the company. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday. Citigroup lifted their price target on shares of Restaurant Brands International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Friday, June 8th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Restaurant Brands International currently has a consensus rating of “Buy” and an average target price of $70.33.
In other news, Director Golnar Khosrowshahi acquired 5,670 shares of the business’s stock in a transaction on Monday, June 18th. The shares were purchased at an average cost of $60.34 per share, with a total value of $342,127.80. Following the acquisition, the director now directly owns 5,670 shares of the company’s stock, valued at $342,127.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.78% of the stock is owned by insiders.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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