Hardy Reed LLC Purchases Shares of 4,032 Restaurant Brands International Inc. $QSR

Key Points

• Hardy Reed LLC has acquired a new position in Restaurant Brands International, purchasing 4,032 shares valued at approximately $267,000 in the second quarter.
• Restaurant Brands International reported $0.94 EPS for the last quarter, which missed analysts' expectations, although revenue increased by 15.9% year-over-year.
• The company announced a quarterly dividend of $0.62 per share, which reflects a dividend yield of 3.6%, with a payout ratio of 93.94%.

Hardy Reed LLC purchased a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,032 shares of the restaurant operator's stock, valued at approximately $267,000.

A number of other large investors have also modified their holdings of the stock. 111 Capital acquired a new stake in shares of Restaurant Brands International in the second quarter valued at $948,000. Raleigh Capital Management Inc. raised its position in Restaurant Brands International by 2.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator's stock valued at $460,000 after purchasing an additional 151 shares in the last quarter. HB Wealth Management LLC raised its position in Restaurant Brands International by 22.4% in the 2nd quarter. HB Wealth Management LLC now owns 9,657 shares of the restaurant operator's stock valued at $640,000 after purchasing an additional 1,770 shares in the last quarter. Consolidated Capital Management LLC boosted its stake in shares of Restaurant Brands International by 3.7% in the 2nd quarter. Consolidated Capital Management LLC now owns 73,162 shares of the restaurant operator's stock valued at $4,850,000 after buying an additional 2,592 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Restaurant Brands International during the second quarter worth about $33,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QSR shares. Melius initiated coverage on shares of Restaurant Brands International in a report on Monday, July 14th. They issued a "buy" rating and a $90.00 target price on the stock. Bank of America lowered their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Argus lowered shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Royal Bank Of Canada decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Finally, Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Trading Up 0.7%

Shares of Restaurant Brands International stock opened at $68.93 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The company has a fifty day simple moving average of $64.80 and a 200-day simple moving average of $66.27. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.95 and a beta of 0.65. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09.

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

Restaurant Brands International Announces Dividend

The company 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. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's payout ratio is presently 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.

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