Restaurant Brands International profit beats as costs fall

Posted February 15, 2017

Oppenheimer Holdings analyst B. Bittner now forecasts that the brokerage will post earnings of $1.79 per share for the year, up from their previous forecast of $1.78. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Tower Research Capital LLC TRC now owns 6,169 shares of the company's stock worth $275,000 after buying an additional 2,414 shares during the last quarter. Restaurant Brands has also been considering the acquisition of other companies, one of the people added.

Restaurant Brands International (NYSE:QSR) has insider ownership of 4.20% and institutional ownership of 72.78%.

Shares of Atlanta-based Popeyes moved sharply higher on the news in afternoon trading. For the past month, Restaurant Brands International Inc.'s stock has been 9.31%, 21.11% for the last quarter, 14.21% for the past six months and 70.53% for the past 52 weeks.

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. Examples of analysis performed within this article are only examples. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.18 per share. Finally, Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 1,139.3% in the second quarter.

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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. The ex-dividend date is Wednesday, March 1st. Hitchwood Capital Management LP raised its position in shares of Restaurant Brands International by 460.0% in the third quarter. Fiera Capital Corp now owns 870,689 shares of the company's stock valued at $36,078,000 after buying an additional 800,431 shares during the period. Restaurant Brands International's dividend payout ratio (DPR) is 56.67%. It has since expanded to more than 2,000 restaurants, of which 1,600 are in the United States. Our continued focus on guest satisfaction and value creation for all of our stakeholders has resulted in accelerated restaurant development and continued system-wide sales growth at both of our iconic brands, TIM HORTONS® and BURGER KING®.

Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc.

Total comparable sales at Burger King rose 2.8 per cent in the three-month period ending December 31, beating the average estimate of a 2.5 per cent rise, according to research firm Consensus Metrix.