Gagnon Securities LLC Invests $377,000 in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Gagnon Securities LLC invested approximately $377,000 in Restaurant Brands International by acquiring 5,658 shares, marking a significant new position for the firm.
• Several large investors have made substantial increases in their stakes during the first quarter, with Allspring Global Investments increasing its stake by 55.5% and Baupost Group MA by over 10,155%.
• Restaurant Brands International announced a quarterly dividend of $0.62 per share, representing an annualized dividend of $2.48 and a yield of 3.6%.

Gagnon Securities LLC bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,658 shares of the restaurant operator's stock, valued at approximately $377,000.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Restaurant Brands International by 55.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock worth $4,759,000 after purchasing an additional 25,292 shares during the period. Baupost Group LLC MA increased its stake in shares of Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the period. Private Trust Co. NA increased its stake in 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 acquiring an additional 255 shares during the period. Canoe Financial LP increased its stake in Restaurant Brands International by 14.4% during the 1st quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock worth $153,834,000 after acquiring an additional 291,269 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Restaurant Brands International by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator's stock worth $392,000 after acquiring an additional 470 shares during the period. Institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on QSR. Citigroup raised their price objective on Restaurant Brands International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Melius began coverage on Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price objective on the stock. Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 18th. Bank of America lowered their price objective on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research note on Friday, July 18th. Finally, Oppenheimer raised their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and a consensus price target of $76.09.

Restaurant Brands International Trading Up 0.7%

NYSE QSR opened at $68.61 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. 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 $22.49 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.58. The business's fifty day moving average is $68.40 and its 200 day moving average is $66.38.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $0.73 EPS. The company's revenue was up 21.3% compared to the same quarter last year. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is currently owned by company insiders.

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.

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