Louisbourg Investments Inc. Has $4.91 Million Stake in Restaurant Brands International Inc. $QSR

Key Points

• Louisbourg Investments Inc. increased its stake in Restaurant Brands International by 11.2%, now holding shares worth approximately $4.91 million.
• Restaurant Brands International's recent quarterly earnings showed a net margin of 9.43% and a year-over-year revenue increase of 15.9%, though it missed EPS estimates by $0.03.
• A consensus of analysts gives Restaurant Brands International an average rating of "Hold" with a target price of $75.13, with several institutions buying into the stock recently.

Louisbourg Investments Inc. boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 11.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,109 shares of the restaurant operator's stock after acquiring an additional 7,440 shares during the period. Louisbourg Investments Inc.'s holdings in Restaurant Brands International were worth $4,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in Restaurant Brands International in the first quarter valued at approximately $26,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at $33,000. CX Institutional increased its stake in shares of Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 464 shares during the last quarter. Private Trust Co. NA lifted its position in shares of 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 buying an additional 255 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock valued at $35,000 after buying an additional 260 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Argus downgraded Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Melius assumed coverage on Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 target price for the company. Guggenheim boosted their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Scotiabank boosted their target price on Restaurant Brands International from $71.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Finally, Bank of America lowered their target price on 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. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.13.

Restaurant Brands International Trading Up 0.3%

NYSE QSR opened at $66.83 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. 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 $21.91 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65. The business's fifty day moving average is $64.70 and its 200 day moving average is $66.28.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Restaurant Brands International Company 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.

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