Fox Run Management L.L.C. Makes New $589,000 Investment in Restaurant Brands International Inc. $QSR

Key Points

• Fox Run Management L.L.C. acquired 8,833 shares of Restaurant Brands International Inc. ($QSR), valued at approximately $589,000, marking a significant investment from an institutional investor.
• Insider Jacqueline Friesner sold 70,000 shares of the company, representing a 27.68% decrease in her ownership, raising concerns about insider confidence in the stock.
• The company's stock has seen recent fluctuations, trading down 4.2% to $63.74, while analysts provide mixed forecasts with a consensus rating of "Hold."

Fox Run Management L.L.C. acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,833 shares of the restaurant operator's stock, valued at approximately $589,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Davis Selected Advisers acquired a new stake in Restaurant Brands International during the first quarter worth approximately $224,744,000. Meritage Group LP increased its stake in shares of Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after purchasing an additional 3,245,689 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Invesco Ltd. boosted its stake in Restaurant Brands International by 465.8% in the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock valued at $176,247,000 after purchasing an additional 2,177,302 shares during the period. Finally, TD Asset Management Inc boosted its stake in Restaurant Brands International by 29.4% in the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock valued at $308,698,000 after purchasing an additional 1,053,640 shares during the period. Institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Bank of America dropped their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research note on Friday, July 18th. Guggenheim increased their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Piper Sandler lowered their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Finally, UBS Group dropped their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Price Performance

QSR traded down $0.4440 during trading on Friday, hitting $63.3460. 1,246,779 shares of the stock traded hands, compared to its average volume of 2,467,103. The business has a 50 day moving average price of $67.22 and a 200 day moving average price of $66.64. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.75 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the business posted $0.86 EPS. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

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

Restaurant Brands International Profile

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.