Goldman Sachs Group Inc. Buys 47,192 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Goldman Sachs Group Inc. increased its stake in Restaurant Brands International by 0.6%, owning 8,108,527 shares valued at approximately $540 million.
• Institutional investors hold 82.29% of Restaurant Brands International's stock, indicating strong institutional interest in the company.
• Restaurant Brands reported a quarterly loss of $0.94 per share, missing estimates by $0.03, despite revenue of $2.41 billion exceeding expectations.

Goldman Sachs Group Inc. lifted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,108,527 shares of the restaurant operator's stock after buying an additional 47,192 shares during the period. Goldman Sachs Group Inc. owned approximately 2.47% of Restaurant Brands International worth $540,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA boosted its stake 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 period. Smartleaf Asset Management LLC boosted its stake in shares of 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 during the period. Public Sector Pension Investment Board boosted its stake in shares of Restaurant Brands International by 1.0% in the first quarter. Public Sector Pension Investment Board now owns 31,345 shares of the restaurant operator's stock valued at $2,089,000 after buying an additional 300 shares during the period. Cetera Investment Advisers boosted its stake in shares of Restaurant Brands International by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 30,242 shares of the restaurant operator's stock valued at $1,971,000 after buying an additional 303 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Restaurant Brands International by 3.7% in the fourth quarter. Captrust Financial Advisors now owns 8,713 shares of the restaurant operator's stock valued at $568,000 after buying an additional 313 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QSR shares. Oppenheimer boosted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, May 27th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Bank of America lowered their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, July 18th. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Finally, Guggenheim boosted their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Eleven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded down $0.62 during trading on Friday, hitting $62.86. 2,585,407 shares of the company were exchanged, compared to its average volume of 2,591,517. The business's 50 day moving average is $65.96 and its 200-day moving average is $66.49. The company has a market capitalization of $20.61 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. 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 1-year low of $58.71 and a 1-year 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 the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. Equities analysts forecast 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 dividend of $0.62 per share. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. Restaurant Brands International's dividend payout ratio is 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.