Restaurant Brands International Inc. (TSE:QSR) Senior Officer Sells C$1,141,069.50 in Stock

Restaurant Brands International Inc. (TSE:QSRGet Rating) (NYSE:QSR) Senior Officer Matthew Dunnigan sold 15,000 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of C$76.07, for a total value of C$1,141,069.50. Following the transaction, the insider now directly owns 41,449 shares in the company, valued at approximately C$3,153,079.31.

Restaurant Brands International Stock Down 1.6 %

Shares of QSR stock opened at C$76.07 on Friday. Restaurant Brands International Inc. has a one year low of C$60.37 and a one year high of C$80.24. The company has a debt-to-equity ratio of 371.27, a current ratio of 0.89 and a quick ratio of 0.79. The stock has a fifty day moving average price of C$74.94 and a 200 day moving average price of C$71.02. The stock has a market cap of C$23.29 billion and a P/E ratio of 21.92.

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) last released its quarterly earnings data on Thursday, August 4th. The company reported C$1.05 EPS for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.11. The business had revenue of C$2.09 billion for the quarter, compared to the consensus estimate of C$2.03 billion. Analysts predict that Restaurant Brands International Inc. will post 4.0399999 earnings per share for the current year.

Restaurant Brands International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be issued a dividend of $0.691 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, September 20th. Restaurant Brands International’s payout ratio is 61.67%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Guggenheim reiterated a “hold” rating and set a C$55.00 price target on shares of Restaurant Brands International in a report on Thursday, May 26th. Morgan Stanley lowered their target price on shares of Restaurant Brands International to C$52.00 and set a “sell” rating on the stock in a research note on Monday, July 18th. Argus Capital upgraded shares of Restaurant Brands International to a “buy” rating and set a C$67.00 target price on the stock in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a C$64.00 price target on shares of Restaurant Brands International in a report on Monday, July 11th. Finally, Argus reiterated a “buy” rating and issued a C$67.00 price objective on shares of Restaurant Brands International in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$68.03.

Restaurant Brands International Company Profile

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Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

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