Kendall Capital Management Makes New Investment in Restaurant Brands International Inc. $QSR

Key Points

• Kendall Capital Management initiated a position in Restaurant Brands International, purchasing 13,045 shares valued at approximately $946,000. Institutional investors collectively own 82.29% of QSR’s outstanding stock.
• Analyst sentiment remains positive overall, with 16 Buy ratings and eight Holds producing a “Moderate Buy” consensus and an average price target of $83.70, although several firms recently lowered their targets.
• QSR reported quarterly EPS of $1.07, beating estimates by $0.03, while revenue rose 4.6% year over year to $2.52 billion. The company also declared a quarterly dividend of $0.65 per share, representing a 3.2% annualized yield.

Kendall Capital Management bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,045 shares of the restaurant operator's stock, valued at approximately $946,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $237,000. WINTON GROUP Ltd purchased a new position in Restaurant Brands International during the 2nd quarter worth approximately $265,000. State Street Corp increased its position in Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator's stock worth $198,711,000 after buying an additional 2,966,048 shares during the period. Sei Investments Co. increased its position in Restaurant Brands International by 188.7% during the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator's stock worth $3,469,000 after buying an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina acquired a new position in Restaurant Brands International during the second quarter worth approximately $10,019,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research reports. Scotia reduced their price objective on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. Barclays raised their target price on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Scotiabank reduced their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Friday, August 7th. Finally, Citigroup decreased their price target on shares of Restaurant Brands International from $84.00 to $78.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.70.

Key Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Zacks raised its FY2027 EPS estimate to $4.31 from $4.25, suggesting improved expectations for Restaurant Brands International’s longer-term earnings growth. Zacks also increased its forecasts for Q3 2027, Q4 2027 and Q1 2028.
• Positive Sentiment: The upward revisions could support investor sentiment because they indicate analysts still see potential for earnings expansion beyond the company’s current-year consensus estimate of $4.03 per share.
• Neutral Sentiment: Zacks expects Q2 2028 EPS of $1.19, below its prior $1.22 forecast, but the estimate remains part of a broader set of longer-term projections that includes several upward revisions.
• Negative Sentiment: Zacks reduced its estimates for Q4 2026 EPS to $1.00 from $1.04 and Q2 2027 EPS to $1.09 from $1.15. These cuts point to possible near-term pressure on operating performance or consumer demand.
• Negative Sentiment: Scotiabank lowered its FY2027 EPS forecast to $4.40 from $4.47 and retained a “Sector Perform” rating with an $81 price target, indicating limited expected upside based on its valuation view.

Restaurant Brands International Trading Up 1.5%

NYSE:QSR opened at $80.74 on Friday. The firm has a market cap of $28.20 billion, a P/E ratio of 21.70, a PEG ratio of 2.19 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The stock's 50 day simple moving average is $74.52 and its 200-day simple moving average is $74.24. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.94 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that Restaurant Brands International Inc. will post 4.03 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.2%. Restaurant Brands International's dividend payout ratio is presently 69.89%.

About Restaurant Brands International

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.

Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source