Economy

Restaurant Brands International (NYSE:QSR) Trading Up - Short Interest Up by 13.81%

Restaurant Brands International (NYSE:QSR) Trading Up - Short Interest Up by 13.81%”

On July 13, 2017 Nomura initiated coverage on QSR giving it an initial rating of "Buy". Restaurant Brands International's yield ratio is presently 52.78%. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. "However, rising costs along with negative currency translation might dent the company's profitability, while a soft consumer spending environment could keep comps under pressure".

Several brokerages have recently weighed in on QSR. Finally, RBC Capital Markets boosted their price target on shares of Restaurant Brands International from $49.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, October 25th. They set an "outperform" rating on the stock. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Oakville, Canada. On September 7 the company was upgraded to "Outperform" from "Neutral" and a price target of $74.00 was set by analysts at Credit Suisse. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus price target of $46.55.

Short traders are feeling a little more bearish on Restaurant Brands International lately at least if you consider the change in short interest.

The company is now up by 2.77%% since yesterday's close of 63.1.

OMAM+Dividend+History+Chart

Shares of the company are trading at $63.40 which is just over $61.01, the 50 day moving average and barely above the 200 day moving average of $58.93. The firm has a market cap of $15.32 billion, a PE ratio of 45.38 and a beta of 1.77. Restaurant Brands International has a 52 week low of $42.35 and a 52 week high of $64.97. Restaurant Brands International Inc (Symbol: QSR): OM Asset Management plc (Symbol: OMAM): Viacom Inc (Symbol: VIA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Bank of Montreal Can boosted its position in shares of Restaurant Brands International by 9.2% in the third quarter. Restaurant Brands International's end of quarter revenue went up 8.9% compared with the same period in the prior year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter previous year. In the last earnings report the EPS was $1.43 and is expected to be $1.89 for the current year with 236,263,000 shares now outstanding. Director Ali Hedayat purchased 5,000 shares at an average price of $61.32 on Friday the 4th. This buyback authorization allows the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This report was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & global copyright & trademark laws. Also, EVP Jose E. Cil sold 105,540 shares of Restaurant Brands International stock in a transaction dated Friday, June 16th. 152,298 stocks of the company transacted hands. the share has a 50 Day SMA price of $61.01 and a two hundred SMA of $58.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The ex-dividend date of this dividend is Thursday, September 14th. The total value of its holdings decreased 51.3%. Following the transaction, the executive vice president now directly owns 21,684 shares in the company, valued at $1,280,440.20. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.

A number of other large investors have also made changes to their positions in QSR. Restaurant Brands International Inc will pay its quarterly dividend of $0.20 on 10/3/17, OM Asset Management plc will pay its quarterly dividend of $0.09 on 9/29/17, and Viacom Inc will pay its quarterly dividend of $0.20 on 10/2/17. Tower Research Capital LLC TRC increased its position in Restaurant Brands International by 82.7% during the 2nd quarter. Following the completion of the transaction, the director now owns 25,966 shares in the company, valued at approximately $1,592,235.12. Think Investments Lp claims 384,200 shares valued at $24,028,000. Pacific Grove Capital Lp now holds 44,300 shares valued at $2,771,000. Newbrook Capital Advisors LP now owns 1,044,604 shares of the restaurant operator's stock valued at $65,375,000 after buying an additional 134,538 shares in the last quarter. The value of the position overall is down by 19.9%. Think Investments Lp grew its holdings by buying 62,100 shares an increase of 19.3%.

Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons and Burger King brand names. As of December 31, 2016, Restaurant Brands International Inc. owned or franchised a total of 4,613 Tim Hortons restaurants and 15,738 Burger King restaurants in approximately 100 countries and USA territories worldwide.



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