Although there has been a slowdown in the restaurant market over the past few months, Restaurant Brands International CEO Daniel Schwartz has committed previously to opening more locations.
When making adjustments, earnings per share increased to just over 44 cents compared to 32 cents for the same period one year ago. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Restaurant Brands International during the third quarter worth $205,000. (TSE:QSR) upped the target price from $0.00 to $52.00 that suggested a downside of -0.21%.
Many research firms have provided their ratings on Restaurant Brands International Inc. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock.
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Restaurant Brands International (NYSE:QSR) has insider ownership of 4.20% and institutional ownership of 72.78%. 347,598 shares of the stock traded hands. Revenue increased 4.9% to $1.11 billion. (NYSE:QSR) topped its 52-week high price of $54.3 on Feb 13, 2017 and 52-Week Low Price of $31.58 on Feb 24, 2016. The company's 50-day moving average is $49.27 and its 200 day moving average is $46.93.
Tim Hortons' same-store sales in Canada fell 0.2 per cent, the first decline after three quarters of positive growth in 2016. BMO Capital Markets started coverage on Restaurant Brands International in a research report on Friday, October 14th. During the same quarter in the previous year, the business posted $0.32 EPS. The prior-year quarter was hurt by restructuring charges.
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of Restaurant Brands International by 22.6% in the second quarter.
In the past 6 months, 0 Insider purchases and 1 Insider Sales were made in which9850 shares were exchanged as Insider Sales. Finally, Ironwood Investment Management LLC bought a new stake in Restaurant Brands International during the third quarter worth $355,000. The stock opened for trading at $51.19 and hit $51.575 on the upside, eventually ending the session at $51.42, with a gain of 1.1% or 0.56 points.
On 10/24/2016 Restaurant Brands International announced a Quarterly dividend of $0.17 with an ex dividend date of 12/6/2016 which will be payable on 1/4/2017. Restaurant Brands International's dividend payout ratio (DPR) is 56.67%.
"I'm not a big fan of quick-service restaurants", he said. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories.