Restaurant Brands International (NYSE:QSR) Posts Quarterly Earnings Results, Misses Estimates By $0.29 EPS

Restaurant Brands International (NYSE:QSR) (TSE:QSR) announced its quarterly earnings results on Wednesday. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29), Zacks reports. Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%.

Restaurant Brands International Stock Up 0.5 %

Shares of NYSE QSR traded up $0.31 during mid-day trading on Wednesday, reaching $67.20. 1,188,417 shares of the company traded hands, compared to its average volume of 2,170,676. The company’s fifty day moving average is $64.51 and its two-hundred day moving average is $68.10. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market cap of $21.80 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada reduced their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. TD Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Wednesday. Evercore ISI lowered their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.33.

Insiders Place Their Bets

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 over the last 90 days. 1.36% of the stock is currently owned by company insiders.

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.