Restaurant Brands International (NYSE:QSR) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume surged 303% to 12.8 million shares, while QSR shares last traded at $74.22, down from the prior close of $74.95.
• Analysts remain broadly positive, with a “Moderate Buy” consensus from 23 analysts and an average price target of $84, implying potential upside from the current price.
• Restaurant Brands International exceeded quarterly EPS expectations ($1.07 versus $1.04), grew revenue 4.6% year over year, and declared a quarterly dividend of $0.65 per share, representing a 3.5% annualized yield.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR shares saw unusually-strong trading volume on Thursday . 12,764,578 shares changed hands during trading, an increase of 303% from the previous session's volume of 3,168,486 shares.The stock last traded at $74.2180 and had previously closed at $74.95.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QSR. Deutsche Bank Aktiengesellschaft decreased their price target on Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Seaport Research Partners assumed coverage on shares of Restaurant Brands International in a research note on Wednesday. They issued a "buy" rating and a $88.00 target price for the company. Scotiabank lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Guggenheim raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Finally, Evercore restated an "outperform" rating and set a $88.00 price target on shares of Restaurant Brands International in a research report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.00.

Restaurant Brands International Stock Down 1.3%

The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The business has a 50-day simple moving average of $76.27 and a 200-day simple moving average of $75.53. The company has a market cap of $25.81 billion, a PE ratio of 19.92, a P/E/G ratio of 2.11 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business 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 3.5%. Restaurant Brands International's dividend payout ratio is currently 69.89%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares of the company's stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of Restaurant Brands International by 1,440.5% in the second quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator's stock valued at $6,843,000 after acquiring an additional 88,246 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator's stock worth $365,279,000 after purchasing an additional 295,935 shares in the last quarter. Fiera Capital Corp raised its stake in Restaurant Brands International by 38.2% in the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator's stock valued at $466,595,000 after purchasing an additional 1,889,359 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Restaurant Brands International by 851.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator's stock valued at $25,713,000 after purchasing an additional 336,615 shares during the last quarter. Finally, Norges Bank purchased a new position in Restaurant Brands International in the 4th quarter valued at $260,709,000. Institutional investors and hedge funds own 82.29% of the company's stock.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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