JCP Investment Management LLC Purchases 70,000 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• JCP Investment Management LLC increased its stake in Restaurant Brands International by 41.2%, acquiring an additional 70,000 shares and making it their third-largest holding.
• Only 1.36% of Restaurant Brands International's stock is owned by corporate insiders, with insider Jacqueline Friesner recently selling 70,000 shares, reducing her position significantly.
• Restaurant Brands International's latest earnings report showed a missed EPS estimate of $0.75, with revenue of $2.03 billion compared to a consensus estimate of $2.17 billion.

JCP Investment Management LLC boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 41.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,883 shares of the restaurant operator's stock after buying an additional 70,000 shares during the period. Restaurant Brands International accounts for about 10.0% of JCP Investment Management LLC's investment portfolio, making the stock its 3rd biggest holding. JCP Investment Management LLC owned approximately 0.07% of Restaurant Brands International worth $16,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in QSR. HM Payson & Co. purchased a new position in shares of Restaurant Brands International in the 1st quarter valued at about $26,000. Dunhill Financial LLC increased its stake in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the period. Private Trust Co. NA raised its holdings in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after buying an additional 255 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 636 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after acquiring an additional 476 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were 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 owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.6%

NYSE QSR traded down $0.44 during trading on Tuesday, reaching $68.71. 372,449 shares of the company's stock were exchanged, compared to its average volume of 2,457,077. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The company's fifty day simple moving average is $68.53 and its 200-day simple moving average is $66.35. The firm has a market capitalization of $22.52 billion, a PE ratio of 23.31, a P/E/G ratio of 2.12 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results 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). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The firm's revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on QSR. Morgan Stanley cut their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a report on Monday, July 14th. Bank of America lowered their price target on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday, July 18th. Robert W. Baird lowered their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Truist Financial boosted their price objective on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Oppenheimer lifted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a report 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 given a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Hold" and an average target price of $76.09.

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.