75,859 Shares in Restaurant Brands International Inc. $QSR Bought by Interval Partners LP

Key Points

• Interval Partners LP acquired 75,859 shares of Restaurant Brands International Inc. for approximately $5,055,000, indicating a growing interest from institutional investors.
• The company reported earnings per share (EPS) of $0.94 for the quarter, missing estimates by $0.03, while also posting revenues of $2.41 billion, exceeding expectations.
• A quarterly dividend of $0.62 will be paid on October 7th, representing a 4.0% yield, with a payout ratio of nearly 94%.

Interval Partners LP purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 75,859 shares of the restaurant operator's stock, valued at approximately $5,055,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $26,000. Dunhill Financial LLC raised its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the period. Private Trust Co. NA raised its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 255 shares during the period. Smartleaf Asset Management LLC increased its position in Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 260 shares during the period. Finally, Larson Financial Group LLC increased its position in Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 636 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on QSR. Royal Bank Of Canada lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Citigroup lowered their target price on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Morgan Stanley lowered their target price on 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. Piper Sandler lowered their target price on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Finally, Barclays lowered their price target on 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. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Price Performance

Shares of QSR traded up $0.95 during trading hours on Friday, hitting $63.05. 2,681,483 shares of the company were exchanged, compared to its average volume of 2,198,041. The company has a market capitalization of $20.67 billion, a PE ratio of 23.88, a PEG ratio of 2.72 and a beta of 0.62. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $66.51 and a 200-day simple moving average of $66.54. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion for 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%.The business's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

About Restaurant Brands International

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.