Restaurant Brands International Inc. (NYSE:QSR)
- Author: Eleanor Harrison Feb 16, 2017,
Feb 16, 2017, 0:30
(NYSE:QSR) (TSE:QSR) had its price objective upped by RBC Capital Markets from $54.00 to $59.00 in a research report released on Tuesday morning. Royal Bank Of Canada boosted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an outperform rating in a report on Tuesday, October 25th. The stock gained a consensus recommendation of 2.36 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. "(QSR) Price Target Increased to $56.00 by Analysts at Piper Jaffray Companies" was first reported by BBNS and is owned by of BBNS. The stock has a market capitalization of $12.77 billion, a PE ratio of 45.40 and a beta of 1.75. The current share price indicate that stock is 4.31% away from its one year high and is moving 86.43% ahead of its 52-week low. Comparable sales at Tim Hortons rose by 0.2 per cent, missing estimates of a... The Stock now has the market capitalization of $12.6 Billion, P/E (price to earnings ttm) of 44.8 and Weekly volatility of 2.33% and monthly volatility of 1.74% respectively. RBI Diluted EPS of $0.50 versus $0.25 in prior year period. The company's quarterly revenue was up 5.1% on a year-over-year basis.
This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem.
The company opened 85 Tim Hortons locations in Canada, 26 in the US and 11 internationally. The legal version of this piece of content can be read at https://www.com-unik.info/2017/02/14/restaurant-brands-international-inc-qsr-issues-earnings-results.html.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 3rd will be given a $0.18 dividend.
That being said, strong returns, an aggressive and, to date, successful expansion plan, and an increasing dividend all make Restaurant Brands a likely candidate for nearly any portfolio. Restaurant Brands International's dividend payout ratio is presently 46.90%. Looking just at the fourth quarter, Restaurant Brands realized an increase in net income by 67.7%. Vanguard Group Inc. now owns 4,214,460 shares of the company's stock valued at $175,321,000 after buying an additional 503,446 shares during the period. RBI Adjusted EBITDA for both the year and the fourth quarter grew 16.4%, excluding the impact of FX movements, driven by revenue growth and cost discipline at both brands. Sumitomo Mitsui Trust Holdings Inc. now owns 604,675 shares of the company's stock valued at $25,055,000 after buying an additional 27,844 shares during the last quarter. Finally, Ironwood Investment Management LLC bought a new stake in Restaurant Brands International during the third quarter worth $355,000.
Institutional investors have recently made changes to their positions in the company.
Restaurant Brands is now the parent company of these two iconic quick service restaurant brands. With a combined system sales of more than $24 billion, the new company now has over 20,000 restaurants in around 100 countries.
Restaurant Brands was formed in 2014, when 3G Capital-backed Burger King acquired Canadian coffee and doughnut chain Tim Hortons Inc for $11 billion.