Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase - Still a Buy?

Key Points

• Restaurant Brands International experienced a significant trading volume increase of 143% on Monday, with approximately 6.1 million shares traded, up from 2.5 million in the previous session.
• The company recently reported quarterly earnings of $0.94 EPS, which was below analysts' expectations of $0.97, despite revenue exceeding estimates at $2.41 billion, representing a 15.9% year-over-year increase.
• Restaurant Brands International announced a quarterly dividend of $0.62, yielding 3.8%, set to be paid on October 7th, indicating a dividend payout ratio of 93.94%.

Shares of Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR saw unusually-high trading volume on Monday . Approximately 6,119,413 shares traded hands during trading, an increase of 143% from the previous session's volume of 2,522,098 shares.The stock last traded at $64.38 and had previously closed at $63.76.

Analyst Ratings Changes

QSR has been the topic of several research reports. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Melius initiated coverage on Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price target on the stock. 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. 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 note on Friday, July 18th. Finally, Citigroup lowered their price target on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Stock Performance

The company has a market capitalization of $21.18 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 2.75 and a beta of 0.62. The firm has a 50 day moving average price of $65.55 and a two-hundred day moving average price of $66.41. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01.

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 business had revenue of $2.41 billion for the quarter, compared to the consensus estimate 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 revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is presently 93.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QSR. HM Payson & Co. bought a new position in Restaurant Brands International in the 1st quarter valued at $26,000. Legend Financial Advisors Inc. bought a new position in Restaurant Brands International in the 2nd quarter valued at $33,000. CX Institutional lifted 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 period. Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 260 shares during the period. 82.29% of the stock is currently owned by institutional investors.

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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