Murchinson Ltd. Buys Shares of 146,832 Restaurant Brands International Inc. $QSR

Key Points

• Murchinson Ltd. has made a new investment of approximately $9.79 million in Restaurant Brands International Inc., acquiring 146,832 shares, which makes up about 0.6% of their investment portfolio.
• Analysts have mixed projections for the stock, with an average target price of $75.04, while the stock currently has a Hold rating from the majority of analysts.
• Restaurant Brands International recently reported quarterly earnings, posting $0.94 EPS, below the consensus estimate of $0.97, while revenues came in higher than expected at $2.41 billion.

Murchinson Ltd. purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 146,832 shares of the restaurant operator's stock, valued at approximately $9,785,000. Restaurant Brands International comprises 0.6% of Murchinson Ltd.'s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of QSR. HM Payson & Co. acquired a new position in Restaurant Brands International in the 1st quarter valued at about $26,000. Private Trust Co. NA lifted its holdings 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 buying an additional 255 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock worth $35,000 after buying an additional 260 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Restaurant Brands International by 438.6% during the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after buying an additional 636 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at approximately $56,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of QSR traded up $1.55 during trading hours on Thursday, reaching $63.47. The company had a trading volume of 904,921 shares, compared to its average volume of 2,494,410. The firm has a 50 day simple moving average of $66.18 and a 200-day simple moving average of $66.48. 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 market capitalization of $20.81 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.66 and a beta of 0.61. 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 earnings per share (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 analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Monday, July 14th. Piper Sandler lowered their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Truist Financial increased their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Oppenheimer increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Finally, Melius initiated coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $75.04.

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.