AXQ Capital LP Makes New Investment in Restaurant Brands International Inc. $QSR

Key Points

• AXQ Capital LP acquired 16,487 shares of Restaurant Brands International, valued at approximately $1.2 million. Institutional investors and hedge funds own 82.29% of QSR’s outstanding stock.
• QSR reported quarterly earnings of $1.07 per share, exceeding the $1.04 analyst consensus, while revenue reached $2.52 billion and increased 4.6% year over year.
• Restaurant Brands International declared a quarterly dividend of $0.65 per share, equivalent to $2.60 annually and a 3.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $84.

AXQ Capital LP bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,487 shares of the restaurant operator's stock, valued at approximately $1,195,000.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 346 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at approximately $28,000. CoreCap Advisors LLC boosted its stake in shares of Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $37,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 0.0%

NYSE QSR opened at $80.22 on Friday. The firm has a market capitalization of $27.98 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.24 and a beta of 0.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The company's 50 day moving average price is $75.66 and its 200 day moving average price is $74.98.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued 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 company had revenue of $2.52 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 4.03 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company 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. This represents a $2.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International's payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. CL King set a $80.00 target price on Restaurant Brands International in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Scotia lowered their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Morgan Stanley raised their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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